DS Smith (LON:SMDS) Stock Price Passes Above 200 Day Moving Average of $396.17

DS Smith Plc (LON:SMDS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 396.17 ($5.18) and traded as high as GBX 455.14 ($5.95). DS Smith shares last traded at GBX 449 ($5.87), with a volume of 3,626,852 shares changing hands.

Wall Street Analyst Weigh In

SMDS has been the topic of several recent research reports. Stifel Nicolaus cut shares of DS Smith to a “hold” rating and lowered their price objective for the stock from GBX 498 ($6.51) to GBX 480 ($6.28) in a research note on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 400 ($5.23) price target on shares of DS Smith in a research report on Wednesday, June 12th.

DS Smith Stock Up 2.4 %

The company has a debt-to-equity ratio of 70.02, a current ratio of 0.86 and a quick ratio of 0.59. The company has a 50-day moving average price of GBX 452.14 and a 200 day moving average price of GBX 397.62. The firm has a market capitalization of £6.44 billion, a PE ratio of 1,667.86, a P/E/G ratio of 1.06 and a beta of 0.87.

DS Smith Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be given a dividend of GBX 12 ($0.16) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 3.41%. This is a boost from DS Smith’s previous dividend of $6.00. DS Smith’s dividend payout ratio (DPR) is presently 6,428.57%.

Insider Activity at DS Smith

In other DS Smith news, insider Miles Roberts sold 96,348 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.16), for a total transaction of £453,799.08 ($593,434.13). In other DS Smith 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 ($6.16), for a total transaction of £453,799.08 ($593,434.13). Also, insider Richard Pike sold 42,959 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of GBX 358 ($4.68), for a total value of £153,793.22 ($201,115.76). 4.63% of the stock is currently owned by corporate insiders.

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.