Today, DS Smith plc (SMDS) Earns “Overweight” Rating from JPMorgan Chase & Co.

Today, DS Smith plc (SMDS) Earns “Overweight” Rating from JPMorgan Chase & Co.
DS Smith plc (LON:SMDS)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They currently have a GBX 470 ($5.87) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 18.27% from the company’s previous close.

Other analysts have also issued research reports about the stock. Jefferies Group lifted their price objective on shares of DS Smith plc from GBX 390 ($4.87) to GBX 440 ($5.50) and gave the stock a “hold” rating in a research report on Tuesday, September 6th. Goodbody reaffirmed a “hold” rating on shares of DS Smith plc in a research report on Tuesday, September 6th. Berenberg Bank lifted their price objective on shares of DS Smith plc from GBX 375 ($4.69) to GBX 400 ($5.00) and gave the stock a “hold” rating in a research report on Friday, September 2nd. Barclays PLC initiated coverage on shares of DS Smith plc in a research report on Friday, October 7th. They issued an “overweight” rating and a GBX 465 ($5.81) price target on the stock. Finally, Davy Research reissued a “neutral” rating on shares of DS Smith plc in a research report on Tuesday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 433 ($5.41).

DS Smith plc (LON:SMDS) traded up 0.35% during mid-day trading on Monday, hitting GBX 398.80. 1,055,364 shares of the company traded hands. The firm’s market capitalization is GBX 3.76 billion. The firm has a 50 day moving average of GBX 397.13 and a 200 day moving average of GBX 395.09. DS Smith plc has a one year low of GBX 329.10 and a one year high of GBX 431.30.

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