DS Smith (OTCMKTS:DITHF) Price Target Lowered to GBX 340 at Credit Suisse Group

DS Smith (OTCMKTS:DITHF – Get Rating) had its target price trimmed by Credit Suisse Group from GBX 360 ($4.41) to GBX 340 ($4.16) in a research note released on Wednesday morning, The Fly reports.

A number of other research firms have also recently commented on DITHF. UBS Group raised DS Smith from a neutral rating to a buy rating in a research note on Wednesday, March 16th. Morgan Stanley reduced their target price on DS Smith from GBX 450 ($5.51) to GBX 430 ($5.27) in a research note on Friday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price on DS Smith from GBX 588 ($7.20) to GBX 570 ($6.98) in a research note on Friday, March 11th.

DS Smith stock opened at $3.73 on Wednesday. DS Smith has a fifty-two week low of $3.73 and a fifty-two week high of $6.11. The firm’s fifty day moving average price is $3.86 and its 200-day moving average price is $4.40.

DS Smith Company Profile (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, 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 outdoor advertising services.

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