DS Smith Plc (LON:SMDS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 480.20 ($5.86) and traded as high as GBX 570.50 ($6.97). DS Smith shares last traded at GBX 570 ($6.96), with a volume of 1,929,253 shares traded.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 550 ($6.72) price objective on shares of DS Smith in a research report on Friday, December 6th.
Read Our Latest Stock Analysis on DS Smith
DS Smith Price Performance
The company has a 50 day moving average of GBX 555.29 and a 200 day moving average of GBX 482.53. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02. The firm has a market cap of £7.87 billion, a price-to-earnings ratio of 2,035.71, a P/E/G ratio of 1.06 and a beta of 0.87.
DS Smith Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be given a dividend of GBX 6.20 ($0.08) per share. 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 currently 6,428.57%.
About DS Smith
(
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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.
Further Reading
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