DS Smith (LON:SMDS) Earns Buy Rating from Jefferies Financial Group

DS Smith (LON:SMDS)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 550 ($7.02) target price on the stock. Jefferies Financial Group’s price objective points to a potential downside of 2.22% from the stock’s previous close.

Separately, Stifel Nicolaus cut DS Smith to a “hold” rating and dropped their price target for the company from GBX 498 ($6.35) to GBX 480 ($6.12) in a research note on Wednesday, September 4th.

DS Smith Stock Performance

SMDS traded down GBX 0.50 ($0.01) during trading hours on Friday, reaching GBX 562.50 ($7.18). The company’s stock had a trading volume of 5,350,727 shares, compared to its average volume of 8,994,938. DS Smith has a 52 week low of GBX 270.30 ($3.45) and a 52 week high of GBX 601.75 ($7.68). The company’s 50-day moving average is GBX 514.20 and its 200-day moving average is GBX 451.88. The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The firm has a market cap of £7.76 billion, a PE ratio of 2,008.93, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87.

About DS Smith

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.