DS Smith (LON:SMDS) Shares Cross Above 200-Day Moving Average – What’s Next?

DS Smith Plc (LON:SMDS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 466.48 ($5.85) and traded as high as GBX 547.14 ($6.86). DS Smith shares last traded at GBX 546.50 ($6.85), with a volume of 334,166 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SMDS shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 550 ($6.90) target price on shares of DS Smith in a report on Friday, December 6th. Stifel Nicolaus lowered shares of DS Smith to a “hold” rating and decreased their target price for the company from GBX 498 ($6.25) to GBX 480 ($6.02) in a report on Wednesday, September 4th.

DS Smith Price Performance

The company has a fifty day moving average of GBX 535.75 and a 200-day moving average of GBX 467.03. The stock has a market cap of £7.54 billion, a PE ratio of 1,951.79, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02.

DS Smith Cuts Dividend

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