DS Smith’s (SMDS) “Hold” Rating Reaffirmed at Jefferies Financial Group

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Jefferies Financial Group reaffirmed their hold rating on shares of DS Smith (LON:SMDS) in a research note released on Wednesday. Jefferies Financial Group currently has a GBX 330 ($4.31) price objective on the stock.

A number of other brokerages have also commented on SMDS. Peel Hunt reiterated a buy rating on shares of DS Smith in a report on Tuesday, November 6th. Citigroup reiterated a buy rating on shares of DS Smith in a report on Friday, February 8th. Finally, JPMorgan Chase & Co. dropped their price target on DS Smith from GBX 600 ($7.84) to GBX 400 ($5.23) and set an overweight rating on the stock in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. DS Smith presently has a consensus rating of Buy and an average target price of GBX 487 ($6.36).

Shares of DS Smith stock opened at GBX 337.10 ($4.40) on Wednesday. DS Smith has a 12 month low of GBX 5.26 ($0.07) and a 12 month high of GBX 565 ($7.38).

The company also recently announced a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 4th will be given a GBX 5.20 ($0.07) dividend. This represents a yield of 1.74%. The ex-dividend date is Thursday, April 4th.

About DS Smith

DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides 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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Analyst Recommendations for DS Smith (LON:SMDS)

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