DS Smith (LON:SMDS) Shares Up 14.3% - Still a Buy?

DS Smith Plc (LON:SMDS - Get Free Report)'s share price was up 14.3% on Friday . The company traded as high as GBX 551.50 ($7.15) and last traded at GBX 545.50 ($7.07). Approximately 15,737,945 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 9,116,057 shares. The stock had previously closed at GBX 477.40 ($6.19).

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered DS Smith to a "hold" rating and dropped 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 Down 1.5 %

The business has a 50 day moving average of GBX 466.15 and a two-hundred day moving average of GBX 420.37. 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 stock has a market capitalization of £7.42 billion, a PE ratio of 1,920.11, a PEG ratio of 1.06 and a beta of 0.87.

Insider Transactions at DS Smith

In related news, insider Miles Roberts sold 96,348 shares of the firm'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 value of £453,799.08 ($588,508.73). Insiders own 6.11% of the company's stock.

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.