DS Smith Plc (OTCMKTS:DITHF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of DS Smith Plc (OTCMKTS:DITHFGet Rating) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $478.33.

DITHF has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of DS Smith from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of DS Smith from GBX 588 ($7.40) to GBX 570 ($7.17) in a research note on Friday, March 11th. UBS Group upgraded shares of DS Smith from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 16th. Finally, Morgan Stanley decreased their price target on shares of DS Smith from GBX 450 ($5.66) to GBX 430 ($5.41) in a research note on Friday, April 8th.

Shares of DS Smith stock opened at $3.73 on Friday. The company’s fifty day simple moving average is $4.01 and its 200-day simple moving average is $4.56. DS Smith has a 1 year low of $3.73 and a 1 year high of $6.11.

About DS Smith (Get Rating)

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides outdoor advertising services.

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