DS Smith (LON:SMDS) Stock Price Crosses Above Two Hundred Day Moving Average of $305.40

Shares of DS Smith Plc (LON:SMDS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 305.40 ($3.82) and traded as high as GBX 309.20 ($3.87). DS Smith shares last traded at GBX 295.20 ($3.69), with a volume of 12,936,807 shares.

Analyst Ratings Changes

A number of analysts have recently commented on SMDS shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of DS Smith in a report on Thursday, July 6th. Jefferies Financial Group restated a “buy” rating and issued a GBX 400 ($5.01) target price on shares of DS Smith in a research note on Tuesday, June 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, DS Smith currently has a consensus rating of “Buy” and an average target price of GBX 420.40 ($5.26).

DS Smith Stock Up 0.4 %

The company has a debt-to-equity ratio of 52.46, a current ratio of 0.83 and a quick ratio of 0.59. The firm has a 50-day moving average of GBX 296.72 and a 200 day moving average of GBX 305.17. The stock has a market capitalization of £4.07 billion, a price-to-earnings ratio of 820.00, a PEG ratio of 1.06 and a beta of 1.01.

DS Smith Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Thursday, September 7th will be issued a GBX 12 ($0.15) dividend. This represents a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from DS Smith’s previous dividend of $6.00. DS Smith’s dividend payout ratio is presently 5,000.00%.

Insider Buying and Selling

In other news, insider Eric Olsen purchased 26,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was purchased at an average price of GBX 267 ($3.34) per share, for a total transaction of £69,420 ($86,872.73). In related news, insider Miles Roberts sold 391,884 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of GBX 306 ($3.83), for a total transaction of £1,199,165.04 ($1,500,644.53). Also, insider Eric Olsen purchased 26,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of GBX 267 ($3.34) per share, with a total value of £69,420 ($86,872.73). 3.85% of the stock is owned by corporate insiders.

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.