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

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 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 changing hands.

Wall Street Analysts Forecast Growth

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

DS Smith Price Performance

The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The stock has a market capitalization of £7.87 billion, a price-to-earnings ratio of 2,035.71, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a 50-day moving average of GBX 553.44 and a 200-day moving average of GBX 480.20.

DS Smith Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, December 12th will be given a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 1.07%. DS Smith’s dividend payout ratio is currently 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.