DS Smith (LON:SMDS) Stock Crosses Above 200-Day Moving Average of $337.29

DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 337.29 ($4.29) and traded as high as GBX 362 ($4.60). DS Smith shares last traded at GBX 352 ($4.47), with a volume of 2,564,238 shares trading hands.

Wall Street Analysts Forecast Growth

SMDS has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 400 ($5.08) target price on shares of DS Smith in a research report on Wednesday, June 12th. Numis Securities cut shares of DS Smith to a “hold” rating and set a GBX 415 ($5.27) target price for the company. in a research report on Friday, April 19th.

DS Smith Trading Down 0.2 %

The business’s 50-day moving average price is GBX 367.75 and its 200 day moving average price is GBX 337.29. The company has a debt-to-equity ratio of 72.82, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market capitalization of £4.85 billion, a price-to-earnings ratio of 1,066.67, a PEG ratio of 1.06 and a beta of 0.94.

DS Smith Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be issued a GBX 12 ($0.15) dividend. The ex-dividend date is Thursday, September 5th. This is a boost from DS Smith’s previous dividend of $6.00. This represents a yield of 3.41%. DS Smith’s dividend payout ratio is currently 5,454.55%.

DS Smith Company Profile

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.