DS Smith (LON:SMDS) Sets New 12-Month High – Here’s Why

DS Smith Plc (LON:SMDS) reached a new 52-week high on Tuesday . The company traded as high as GBX 603 ($7.45) and last traded at GBX 601 ($7.42), with a volume of 5287961 shares. The stock had previously closed at GBX 588.50 ($7.27).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 550 ($6.79) price objective on shares of DS Smith in a report on Friday, December 6th.

DS Smith Stock Up 0.7 %

The firm has a market capitalization of £8.32 billion, a price-to-earnings ratio of 2,153.57, a P/E/G ratio of 1.06 and a beta of 0.87. The company has a debt-to-equity ratio of 70.02, a current ratio of 0.86 and a quick ratio of 0.59. The stock has a fifty day moving average of GBX 563.66 and a two-hundred day moving average of GBX 495.96.

DS Smith (LON:SMDS) last announced its earnings results on Thursday, December 5th. The company reported GBX 8.30 ($0.10) earnings per share for the quarter. DS Smith had a net margin of 5.64% and a return on equity of 9.58%. Sell-side analysts anticipate that DS Smith Plc will post 31.7782285 earnings per share for the current year.

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 paid a dividend of GBX 6.20 ($0.08) per share. This represents a yield of 1.07%. The ex-dividend date is Thursday, December 12th. 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.