DS Smith (LON:SMDS) Sets New 12-Month High - Time to Buy?

DS Smith Plc (LON:SMDS - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 560.15 ($7.29) and last traded at GBX 557.50 ($7.26), with a volume of 41393594 shares traded. The stock had previously closed at GBX 552.50 ($7.19).

Analysts Set New Price Targets

Separately, Stifel Nicolaus downgraded shares of DS Smith to a "hold" rating and lowered their price target for the stock from GBX 498 ($6.48) to GBX 480 ($6.25) in a research note on Wednesday, September 4th.

DS Smith Trading Up 3.4 %

The firm has a market capitalization of £7.96 billion, a PE ratio of 2,057.14, a PEG ratio of 1.06 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The stock's fifty day simple moving average is GBX 472.58 and its 200 day simple moving average is GBX 424.18.

Insider Transactions at DS Smith

In other news, insider Miles Roberts sold 96,348 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.13), for a total value of £453,799.08 ($590,730.38). Corporate insiders own 6.11% of the company's stock.

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.