DS Smith (LON:SMDS) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of DS Smith (LON:SMDS - Free Report) in a report published on Friday morning,Digital Look reports. The brokerage currently has a GBX 550 ($7.01) price objective on the stock.

Separately, Stifel Nicolaus lowered DS Smith to a "hold" rating and decreased their price target for the stock from GBX 498 ($6.35) to GBX 480 ($6.12) in a research note on Wednesday, September 4th.

DS Smith Price Performance

SMDS stock traded down GBX 0.50 ($0.01) during trading on Friday, reaching GBX 562.50 ($7.17). 1,860,382 shares of the company were exchanged, compared to its average volume of 8,981,705. The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The stock's 50 day moving average price is GBX 515.75 and its 200 day moving average price is GBX 453.90. DS Smith has a 52-week low of GBX 270.30 ($3.45) and a 52-week high of GBX 601.75 ($7.67). The company has a market cap of £7.76 billion, a P/E ratio of 2,008.93, a PEG ratio of 1.06 and a beta of 0.87.

DS Smith Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Thursday, December 12th will be issued a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 1.07%. DS Smith's dividend payout ratio (DPR) is currently 6,428.57%.

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.