DS Smith's (SMDS) "Overweight" Rating Reiterated at JPMorgan Chase & Co. - MarketBeat

2022-09-09 22:48:00 By : Ms. Joan Shaw

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DS Smith (LON:SMDS - Get Rating) 's stock had its "overweight" rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 378 ($4.57) price objective on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 36.02% from the company's current price.

Separately, Berenberg Bank cut their price objective on DS Smith from GBX 510 ($6.16) to GBX 415 ($5.01) and set a "buy" rating for the company in a research report on Wednesday, July 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, DS Smith presently has an average rating of "Buy" and an average price target of GBX 436.60 ($5.28).DS Smith Price Performance

Shares of SMDS stock opened at GBX 277.90 ($3.36) on Friday. The stock's fifty day simple moving average is GBX 279.60 and its 200 day simple moving average is GBX 301.67. The company has a debt-to-equity ratio of 55.46, a current ratio of 0.87 and a quick ratio of 0.55. The firm has a market cap of £3.83 billion and a price-to-earnings ratio of 1,389.50. DS Smith has a one year low of GBX 258.20 ($3.12) and a one year high of GBX 464.10 ($5.61). Insider Transactions at DS Smith

In other news, insider Alina Kessel bought 7,000 shares of the stock in a transaction dated Tuesday, July 5th. The shares were bought at an average price of GBX 270 ($3.26) per share, for a total transaction of £18,900 ($22,837.12). In other news, insider Alina Kessel bought 7,000 shares of the stock in a transaction dated Tuesday, July 5th. The shares were bought at an average price of GBX 270 ($3.26) per share, for a total transaction of £18,900 ($22,837.12). Also, insider Adrian Marsh purchased 20,000 shares of DS Smith stock in a transaction that occurred on Tuesday, June 28th. The shares were bought at an average cost of GBX 296 ($3.58) per share, for a total transaction of £59,200 ($71,532.14). Over the last quarter, insiders have bought 54,445 shares of company stock worth $15,736,715. 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, 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.Further ReadingOil and Gas Stocks: A Safe Way to Invest in Renewable EnergyAre These Green Energy Companies Right For Your Portfolio?When Will the Hangover Finally Be Over for Seagate Technology?Does Enphase Energy Have the Juice to Keep Powering Higher? The One Hydrogen Fuel Cell Stock To Rule Them All 

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