DS Smith (LON:SMDS)‘s stock had its “buy” rating reiterated by equities researchers at Bank of America Corp. in a research report issued on Friday, Stock Ratings Network reports. They currently have a GBX 310 ($4.81) price objective on the stock. Bank of America Corp.’s target price would indicate a potential upside of 22.00% from the stock’s previous close.
Shares of DS Smith (LON:SMDS) opened at 254.10 on Friday. DS Smith has a 1-year low of GBX 158.90 and a 1-year high of GBX 266.00. The stock has a 50-day moving average of GBX 181.9 and a 200-day moving average of GBX 160.8. The company’s market cap is £2.354 billion.
A number of other firms have also recently commented on SMDS. Analysts at UBS AG reiterated a “buy” rating on shares of DS Smith in a research note to investors on Monday. They now have a GBX 275 ($4.27) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of DS Smith in a research note to investors on Monday, August 5th. They now have a GBX 265 ($4.11) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of DS Smith in a research note to investors on Thursday, August 1st. They now have a GBX 301 ($4.67) price target on the stock.
One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 281.82 ($4.37).
DS Smith Plc is a holding company engaged in the supply of recycled packaging for consumer goods and the wholesaling of office products.
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