DS Smith Plc — Stocks in Focus

Owen Stevens
September 7, 2016

Over the past couple of years we have seen a rise in acquisition activity across many sectors, with companies seeking alternative ways to drive growth in order to tackle the on-going challenging market conditions.

By using Mergers and Acquisitions (M&A), DS Smith has been building its presence throughout Europe and has a 16% market share of the fragmented packaging market, with plenty of scope for further growth.

DS Smith plc LON:SMDS has a 50 day moving average of 404.51 GBX and the 200 Day Moving Average price is recorded at 392.40 GBX.

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According to JP Morgan Cazenoves price target of 470 on the company's stock this indicates the broker now believes there is an increase of 10.54% from Smith (DS) PLC's current price of 425.2. The one year target price is 418.60GBX with four firms rating the stock a strong buy, two firms rating the stock a buy, six firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analystsrating the stock as sell. The 1 year high stock price is 427.4 GBX while the year low stock price is now 329.1 GBX. Trading volume was was down over the average, with 564,984 shares of SMDS changing hands under the typical 2,024,650 shares. The Company's divisions include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics.

Elsewhere, the firm's proposed acquisition of Gopaca - a corrugated packaging business in Portugal - is expected to expand DS Smith's position in Iberia and "complement" operations already established in the region. Its products are used for transportation of beverages, concentrates, chemicals and pharmaceuticals. It also designs and manufactures foam molded, custom-designed components and packaging. The Company also manufactures other grades of paper, such as core board and solid board. Since joining the company as CEO in 2010, Miles Roberts has successfully implemented a new strategy meant to add value to their customer offering.

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