DS Smith (LON:SMDS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 466.48 ($5.85) and traded as high as GBX 547.14 ($6.86). DS Smith shares last traded at GBX 546.50 ($6.85), with a volume of 334,166 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SMDS shares. Stifel Nicolaus lowered DS Smith to a “hold” rating and decreased their price objective for the company from GBX 498 ($6.24) to GBX 480 ($6.02) in a report on Wednesday, September 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 550 ($6.89) price target on shares of DS Smith in a research note on Friday, December 6th.

DS Smith Stock Performance

The stock has a 50-day moving average of GBX 533.94 and a 200 day moving average of GBX 466.48. The stock has a market cap of £7.54 billion, a PE ratio of 1,951.79, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02.

DS Smith Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be paid a GBX 6.20 ($0.08) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 1.07%. DS Smith’s dividend payout ratio (DPR) is 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.