DS Smith (LON:SMDS) Stock Price Crosses 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 Thursday . The stock has a 200-day moving average of GBX 474 ($5.87) and traded as high as GBX 550.50 ($6.81). DS Smith shares last traded at GBX 548 ($6.78), with a volume of 3,084,469 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 550 ($6.81) target price on shares of DS Smith in a report on Friday, December 6th.

DS Smith Stock Performance

The firm has a market cap of £7.56 billion, a PE ratio of 1,957.14, a PEG ratio of 1.06 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The company has a 50-day simple moving average of GBX 545.37 and a two-hundred day simple moving average of GBX 474.

DS Smith Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be paid 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 payout ratio is currently 6,428.57%.

About DS Smith

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.