DS Smith (LON:SMDS) Sets New 12-Month High - Here's What Happened

DS Smith Plc (LON:SMDS - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as GBX 596.50 ($7.51) and last traded at GBX 596.50 ($7.51), with a volume of 7372010 shares traded. The stock had previously closed at GBX 583 ($7.34).

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut shares of DS Smith to a "hold" rating and dropped their price target for the stock from GBX 498 ($6.27) to GBX 480 ($6.04) in a research note on Wednesday, September 4th.

DS Smith Stock Up 1.8 %

The stock has a market capitalization of £8.19 billion, a P/E ratio of 2,119.64, a P/E/G ratio of 1.06 and a beta of 0.87. The company's 50-day moving average price is GBX 491.83 and its 200 day moving average price is GBX 437.59. The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86.

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.