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Prices & Quotes - UK Markets - Smith (DS) (SMDS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 425.00p
Change Today:
-7.40p
Market Cap:
5,837m
Sector:
General Industrials

Jefferies says 'buy' DS Smith and Smurfit Kappa

By Sean Farrell

Date: Thursday 07 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded its ratings for DS Smith and Smurfit Kappa shares to 'buy' as the broker predicted positive trading for packaging companies helped by ecommerce and environmental pressures.
European containerboard and box companies have healthy order books and low inventory levels going into 2021, Jefferies said.

Tighter global inventory will support pricing in the first half of 2021 and new supply will be absorbed by underlying demand, modest industrial recovery in the second half and more exports to China, Jefferies said. As a result a bear case scenario for prices is unlikely, it added.

Jefferies increased its ratings on DS Smith and Smurfit Kappa from 'hold' with a 4.40 price target for DS Smith shares and a 39.50/€44 target for Smurfit Kappa. The broker kept Mondi as its top pick in the sector with a 'buy' recommendation and a 20.50 price target.

Ecommerce has been "supercharged" by Covid-19 as consumers in lockdown switched spending from travel and leisure to ordering more goods delivered in boxes to their homes, Jefferies analyst Cole Hathorn said. Business customers may also pay more for customised, more attractive packaging than brown boxes to present to consumers, he added.

The paper packaging sector will also gain over time from sustainability trends, including consumers turning away from plastic. There are many opportunities for plastic packaging to be replaced by paper and these will increase if governments use legislation or tax to encourage the switch, Hathorn said.

"Longer term, with ecommerce and sustainability tailwinds, in our view the packaging stocks should trade on higher through-the-cycle multiples'," Hathorn wrote in a note to clients.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Smith (DS) Market Data

Currency UK Pounds
Price 425.00p
Change Today -7.40p
52 Week High 445.60p
52 Week Low 252.70p
Volume 5,093,820
Shares Issued 1,373.33m
Market Cap 5,837m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith (DS) Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Oct-21 08-Apr-21
Paid 01-Nov-21 04-May-21
Amount 8.10p 4.00p

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 1,702,219 @ 425.00p
16:29 182 @ 426.20p
16:29 567 @ 426.10p
16:29 395 @ 426.40p
16:29 14 @ 426.40p

Smith (DS) Key Personnel

CEO Miles Roberts