DS Smith plc (SMDS) Given Consensus Rating of “Buy” by Brokerages

DS Smith plc (LON:SMDS) has received a consensus rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 571.25 ($7.61).

SMDS has been the subject of several analyst reports. Goldman Sachs Group reiterated a “neutral” rating and set a GBX 525 ($6.99) price objective on shares of DS Smith in a research report on Monday, March 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 530 ($7.06) price objective on shares of DS Smith in a research report on Tuesday, March 6th. Numis Securities reiterated a “hold” rating and set a GBX 530 ($7.06) price objective on shares of DS Smith in a research report on Thursday, March 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 600 ($7.99) price objective on shares of DS Smith in a research report on Thursday, March 8th. Finally, Citigroup reiterated a “buy” rating on shares of DS Smith in a research report on Monday, March 19th.

Shares of DS Smith opened at GBX 533.20 ($7.10) on Tuesday, Marketbeat.com reports. DS Smith has a 52 week low of GBX 5.26 ($0.07) and a 52 week high of GBX 565 ($7.52).

DS Smith (LON:SMDS) last issued its quarterly earnings data on Monday, June 18th. The company reported GBX 35.50 ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 34.80 ($0.46) by GBX 0.70 ($0.01). DS Smith had a return on equity of 12.64% and a net margin of 3.82%.

DS Smith Company Profile

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods 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 packaging consultancy services.

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