DS Smith (LON:SMDS) Reaches New 12-Month High – Should You Buy?

DS Smith Plc (LON:SMDS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 508 ($6.59) and last traded at GBX 506.50 ($6.57), with a volume of 4601742 shares trading hands. The stock had previously closed at GBX 477.40 ($6.19).

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut shares of DS Smith to a “hold” rating and lowered their price target for the company from GBX 498 ($6.46) to GBX 480 ($6.22) in a report on Wednesday, September 4th.

DS Smith Stock Down 1.2 %

The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The company has a market capitalization of £7.44 billion, a price-to-earnings ratio of 1,925.00, a P/E/G ratio of 1.06 and a beta of 0.87. The business’s 50-day moving average is GBX 469.22 and its 200-day moving average is GBX 422.04.

Insider Activity

In other news, insider Miles Roberts sold 96,348 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.11), for a total transaction of £453,799.08 ($588,508.73). Insiders own 6.11% of the company’s stock.

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.