Shares of DS Smith Plc (LON:SMDS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 415.61 ($5.43) and traded as high as GBX 459.80 ($6.00). DS Smith shares last traded at GBX 447 ($5.84), with a volume of 7,554,504 shares.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus cut shares of DS Smith to a "hold" rating and dropped their price target for the stock from GBX 498 ($6.50) to GBX 480 ($6.27) in a research note on Wednesday, September 4th.
View Our Latest Analysis on DS Smith
DS Smith Stock Performance
The company has a market capitalization of £6.17 billion, a PE ratio of 1,596.43, a PEG ratio of 1.06 and a beta of 0.87. 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's 50-day simple moving average is GBX 462.28 and its 200-day simple moving average is GBX 415.61.
Insider Buying and Selling at DS Smith
In other news, insider Miles Roberts sold 96,348 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.15), for a total value of £453,799.08 ($592,581.72). 6.11% of the stock is owned by corporate insiders.
DS Smith Company Profile
(
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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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