DS Smith (LON:SMDS) Reaches New 12-Month High – Here’s What Happened

DS Smith Plc (LON:SMDS) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 596.50 ($7.48) and last traded at GBX 596.50 ($7.48), with a volume of 7372010 shares trading hands. The stock had previously closed at GBX 583 ($7.31).

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus downgraded DS Smith to a “hold” rating and lowered their price target for the company from GBX 498 ($6.24) to GBX 480 ($6.02) in a research report on Wednesday, September 4th.

DS Smith Price Performance

The firm has a market capitalization of £8.19 billion, a P/E ratio of 2,119.64, a PEG ratio of 1.06 and a beta of 0.87. The business’s 50-day simple moving average is GBX 494.71 and its 200 day simple moving average is GBX 439.35. 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 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.