DS Smith (LON:SMDS) Shares Pass Above 200 Day Moving Average - Should You Sell?

DS Smith Plc (LON:SMDS - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 492.84 ($6.08) and traded as high as GBX 594.50 ($7.33). DS Smith shares last traded at GBX 592.50 ($7.31), with a volume of 2,298,771 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 550 ($6.78) price objective on shares of DS Smith in a research report on Friday, December 6th.

DS Smith Trading Up 0.3 %

The business has a 50 day moving average of GBX 561.83 and a two-hundred day moving average of GBX 492.84. 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 firm has a market capitalization of £8.15 billion, a price-to-earnings ratio of 2,108.93, a P/E/G 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. Stockholders of record on Thursday, December 12th will be issued a GBX 6.20 ($0.08) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. DS Smith's dividend payout ratio is presently 6,428.57%.

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.