DS Smith (LON:SMDS) Hits New 12-Month High at $483.00

DS Smith Plc (LON:SMDS)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 483 ($6.38) and last traded at GBX 481.60 ($6.36), with a volume of 5657942 shares trading hands. The stock had previously closed at GBX 467.80 ($6.18).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus downgraded DS Smith to a “hold” rating and cut their target price for the stock from GBX 498 ($6.58) to GBX 480 ($6.34) in a research note on Wednesday, September 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 400 ($5.28) price objective on shares of DS Smith in a research report on Wednesday, June 12th.

DS Smith Stock Up 2.4 %

The stock’s 50-day moving average price is GBX 452.14 and its two-hundred day moving average price is GBX 398.73. 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 stock has a market capitalization of £6.61 billion, a P/E ratio of 1,712.14, a P/E/G ratio of 1.06 and a beta of 0.87.

DS Smith Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a GBX 12 ($0.16) dividend. This is an increase from DS Smith’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 3.41%. DS Smith’s dividend payout ratio is presently 6,428.57%.

Insiders Place Their Bets

In other DS Smith news, insider Miles Roberts sold 96,348 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.22), for a total transaction of £453,799.08 ($599,470.38). In other news, insider Miles Roberts sold 96,348 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.22), for a total value of £453,799.08 ($599,470.38). Also, insider Richard Pike sold 42,959 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of GBX 358 ($4.73), for a total value of £153,793.22 ($203,161.45). Company insiders own 4.63% of the company’s stock.

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.