DS Smith (LON:SMDS) Stock Passes Above 200-Day Moving Average of $308.71

DS Smith Plc (LON:SMDS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 308.71 ($3.89) and traded as high as GBX 314.17 ($3.96). DS Smith shares last traded at GBX 312.90 ($3.94), with a volume of 1,470,175 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on SMDS. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 400 ($5.04) price objective on shares of DS Smith in a research note on Tuesday, June 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of DS Smith in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, DS Smith currently has an average rating of “Buy” and an average target price of GBX 420.40 ($5.30).

DS Smith Price Performance

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 company’s 50 day moving average price is GBX 291.29 and its 200 day moving average price is GBX 308.71. The firm has a market capitalization of £4.32 billion, a P/E ratio of 869.17, a PEG ratio of 1.06 and a beta of 1.03.

DS Smith Increases Dividend

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

Insider Activity

In related news, insider Eric Olsen purchased 26,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of GBX 267 ($3.37) per share, with a total value of £69,420 ($87,507.88). 3.85% of the stock is owned by 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.