DS Smith Plc (LON:SMDS) Insider Miles Roberts Sells 391,884 Shares of Stock

DS Smith Plc (LON:SMDS) insider Miles Roberts sold 391,884 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of GBX 306 ($3.86), for a total value of £1,199,165.04 ($1,514,479.72).

DS Smith Stock Performance

Shares of DS Smith stock opened at GBX 289.90 ($3.66) on Friday. 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 stock has a market capitalization of £4.00 billion, a price-to-earnings ratio of 805.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.03. The business has a 50-day moving average of GBX 295.43 and a 200 day moving average of GBX 306.90. DS Smith Plc has a 12 month low of GBX 238.10 ($3.01) and a 12 month high of GBX 369.10 ($4.66).

DS Smith Increases Dividend

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

Analysts Set New Price Targets

SMDS has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 400 ($5.05) price target on shares of DS Smith in a research report on Tuesday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of DS Smith in a research report on Thursday, July 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 420.40 ($5.31).

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.