DS Smith Plc (LON:SMDS) Insider Richard Pike Sells 42,959 Shares

DS Smith Plc (LON:SMDSGet Free Report) insider Richard Pike sold 42,959 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of GBX 358 ($4.54), for a total transaction of £153,793.22 ($195,094.79).

DS Smith Stock Performance

Shares of SMDS opened at GBX 365.60 ($4.64) on Tuesday. DS Smith Plc has a 12-month low of GBX 260.50 ($3.30) and a 12-month high of GBX 415 ($5.26). The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 72.82. The company has a market cap of £5.05 billion, a PE ratio of 1,107.88, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. The stock has a 50-day moving average price of GBX 364.81 and a 200-day moving average price of GBX 338.86.

DS Smith Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be paid a GBX 12 ($0.15) dividend. This represents a yield of 3.41%. The ex-dividend date of this dividend is Thursday, September 5th. This is a boost from DS Smith’s previous dividend of $6.00. DS Smith’s payout ratio is currently 5,454.55%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMDS. Numis Securities downgraded DS Smith to a “hold” rating and set a GBX 415 ($5.26) 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 ($5.07) target price on shares of DS Smith in a report on Wednesday, June 12th.

Read Our Latest Analysis on SMDS

DS Smith Company Profile

(Get Free Report)

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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