Equities researchers at Goldman Sachs Group Inc. boosted their price objective on shares of DS Smith (LON:SMDS) from GBX 332 ($5.41) to GBX 335 ($5.46) in a research report issued on Wednesday, ARN reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 2.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of DS Smith to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 340 ($5.54) price target on the stock, up previously from GBX 320 ($5.22). Separately, analysts at Davy Research reiterated an “underperform” rating on shares of DS Smith in a research note to investors on Tuesday. Finally, analysts at Citigroup Inc. raised their price target on shares of DS Smith from GBX 340 ($5.54) to GBX 350 ($5.70) in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 314.60 ($5.13).
DS Smith (LON:SMDS) opened at 315.70 on Wednesday. DS Smith has a 52 week low of GBX 201.87 and a 52 week high of GBX 326.60. The stock has a 50-day moving average of GBX 303.4 and a 200-day moving average of GBX 273.1. The company’s market cap is £2.936 billion.
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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