DS Smith (LON:SMDS) Stock Price Crosses Above 200 Day Moving Average of $311.86

DS Smith Plc (LON:SMDS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 311.86 ($3.88) and traded as high as GBX 400.80 ($4.99). DS Smith shares last traded at GBX 397.20 ($4.94), with a volume of 35,903,235 shares trading hands.

Wall Street Analyst Weigh In

Separately, Numis Securities restated a “buy” rating and issued a GBX 385 ($4.79) price target on shares of DS Smith in a research note on Friday, March 8th.

DS Smith Trading Up 1.0 %

The company has a debt-to-equity ratio of 72.82, a current ratio of 0.94 and a quick ratio of 0.59. The stock’s 50-day moving average is GBX 353.47 and its two-hundred day moving average is GBX 311.86. The company has a market cap of £5.48 billion, a P/E ratio of 1,168.24, a P/E/G ratio of 1.06 and a beta of 0.92.

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.