DS Smith Plc (LON:SMDS – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 428.41 ($5.42) and last traded at GBX 428.20 ($5.42), with a volume of 9100294 shares traded. The stock had previously closed at GBX 422 ($5.34).
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SMDS. Numis Securities downgraded shares of DS Smith to a “hold” rating and set a GBX 415 ($5.25) price target for the company. in a research note on Friday, April 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 400 ($5.06) price target on shares of DS Smith in a research note on Wednesday, June 12th.
View Our Latest Analysis on SMDS
DS Smith Stock Up 0.3 %
DS Smith Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a dividend of GBX 12 ($0.15) per share. The ex-dividend date is Thursday, September 5th. This is an increase from DS Smith’s previous dividend of $6.00. This represents a yield of 3.41%. DS Smith’s payout ratio is currently 5,454.55%.
Insider Activity at DS Smith
In other DS Smith news, insider Richard Pike sold 42,959 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of GBX 358 ($4.53), for a total value of £153,793.22 ($194,527.22). 3.38% of the stock is currently owned by insiders.
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.
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