DS Smith (LON:SMDS) Sets New 52-Week High – What’s Next?

Shares of DS Smith Plc (LON:SMDS) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 603 ($7.44) and last traded at GBX 601 ($7.41), with a volume of 5287961 shares traded. The stock had previously closed at GBX 588.50 ($7.26).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 550 ($6.78) price target on shares of DS Smith in a report on Friday, December 6th.

DS Smith Price Performance

The company has a market capitalization of £8.30 billion, a price-to-earnings ratio of 2,148.21, a PEG ratio of 1.06 and a beta of 0.87. The company’s 50 day simple moving average is GBX 561.83 and its 200-day simple moving average is GBX 492.84. 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 business also recently announced a dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, December 12th will be given a GBX 6.20 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 1.07%. DS Smith’s dividend payout ratio is presently 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.