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

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

Analyst Upgrades and Downgrades

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

DS Smith Stock Up 2.2 %

The business’s 50 day moving average price is GBX 561.83 and its 200-day moving average price is GBX 492.84. The firm has a market capitalization of £8.30 billion, a PE ratio of 2,148.21, 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 quick ratio of 0.59 and a current ratio of 0.86.

DS Smith Cuts Dividend

The firm 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 payout ratio is currently 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.