DS Smith (LON:SMDS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

DS Smith Plc (LON:SMDS) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 458.26 ($5.78) and traded as high as GBX 549.50 ($6.94). DS Smith shares last traded at GBX 547 ($6.90), with a volume of 1,622,618 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMDS. Jefferies Financial Group reissued a “buy” rating and set a GBX 550 ($6.94) price objective on shares of DS Smith in a research note on Friday, December 6th. Stifel Nicolaus downgraded shares of DS Smith to a “hold” rating and decreased their price objective for the stock from GBX 498 ($6.29) to GBX 480 ($6.06) in a research note on Wednesday, September 4th.

DS Smith Price Performance

The company has a market cap of £7.55 billion, a PE ratio of 1,953.57, a price-to-earnings-growth 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 firm has a 50 day simple moving average of GBX 522.64 and a 200-day simple moving average of GBX 458.88.

DS Smith Cuts Dividend

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