DS Smith (LON:SMDS) Sets New 52-Week High – Should You Buy?

Shares of DS Smith Plc (LON:SMDS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 560.15 ($7.29) and last traded at GBX 557.50 ($7.26), with a volume of 41393594 shares trading hands. The stock had previously closed at GBX 552.50 ($7.19).

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut DS Smith to a “hold” rating and dropped their target price for the stock from GBX 498 ($6.48) to GBX 480 ($6.25) in a report on Wednesday, September 4th.

DS Smith Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02. The company has a market capitalization of £7.95 billion, a PE ratio of 2,061.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87. The stock’s 50-day moving average is GBX 472.58 and its two-hundred day moving average is GBX 424.18.

Insider Activity

In other DS Smith news, insider Miles Roberts sold 96,348 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.13), for a total value of £453,799.08 ($590,730.38). Insiders own 6.11% of the company’s stock.

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.