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

DS Smith Plc (LON:SMDS)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on SMDS shares. Stifel Nicolaus lowered shares of DS Smith to a “hold” rating and dropped their price target for the company 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 note on Wednesday, June 12th.

DS Smith Stock Down 1.2 %

The company has a market cap of £6.20 billion, a price-to-earnings ratio of 1,603.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 450.54 and its 200 day simple moving average is GBX 396.17. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02.

DS Smith Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be given a GBX 12 ($0.16) dividend. This is a positive change from DS Smith’s previous dividend of $6.00. The ex-dividend date is Thursday, September 5th. This represents a yield of 3.41%. DS Smith’s payout ratio is 6,428.57%.

Insiders Place Their Bets

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