DS Smith’s (SMDS) “Buy” Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of DS Smith (LON:SMDS) in a research note released on Friday.

SMDS has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of DS Smith from GBX 600 ($7.84) to GBX 400 ($5.23) and set an overweight rating on the stock in a research report on Tuesday, January 29th. Peel Hunt reiterated a buy rating on shares of DS Smith in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 523.33 ($6.84).

Shares of LON SMDS opened at GBX 337.30 ($4.41) on Friday. 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 disclosed a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 4th will be issued a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date is Thursday, April 4th. This represents a yield of 1.74%.

In other news, insider Jonathan C. Nicholls acquired 15,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average cost of GBX 319 ($4.17) per share, with a total value of £47,850 ($62,524.50).

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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