DS Smith (LON:SMDS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 550 ($6.72) price target on shares of DS Smith in a report on Friday, December 6th.

DS Smith Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The stock has a fifty day moving average of GBX 553.44 and a 200-day moving average of GBX 480.20. The stock has a market cap of £7.87 billion, a PE ratio of 2,035.71, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87.

DS Smith Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Thursday, December 12th will be issued a GBX 6.20 ($0.08) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. DS Smith’s dividend payout ratio is presently 6,428.57%.

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.