DS Smith (LON:SMDS) Hits New 52-Week High - Time to Buy?

Shares of DS Smith Plc (LON:SMDS - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 508 ($6.59) and last traded at GBX 506.50 ($6.57), with a volume of 4601742 shares trading hands. The stock had previously closed at GBX 477.40 ($6.19).

Analyst Ratings Changes

Separately, Stifel Nicolaus downgraded shares of DS Smith to a "hold" rating and reduced their price target for the stock from GBX 498 ($6.46) to GBX 480 ($6.22) in a research report on Wednesday, September 4th.

DS Smith Stock Performance

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 company's 50-day moving average is GBX 466.15 and its two-hundred day moving average is GBX 420.37. The stock has a market capitalization of £7.53 billion, a P/E ratio of 1,950.00, a P/E/G ratio of 1.06 and a beta of 0.87.

Insider Activity

In other DS Smith news, insider Miles Roberts sold 96,348 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.11), for a total transaction of £453,799.08 ($588,508.73). 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.