DS Smith (LON:SMDS) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of DS Smith Plc (LON:SMDS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 492.84 ($6.08) and traded as high as GBX 594.50 ($7.33). DS Smith shares last traded at GBX 592.50 ($7.30), with a volume of 2,298,771 shares trading hands.

Wall Street Analysts Forecast Growth

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

DS Smith Trading Down 0.4 %

The business has a 50 day simple moving average of GBX 562.33 and a 200-day simple moving average of GBX 493.60. The stock has a market capitalization of £8.27 billion, a price-to-earnings ratio of 2,139.29, a PEG 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.

DS Smith (LON:SMDS) last issued its quarterly earnings data on Thursday, December 5th. The company reported GBX 8.30 ($0.10) earnings per share (EPS) for the quarter. DS Smith had a return on equity of 9.58% and a net margin of 5.64%. As a group, equities analysts expect that DS Smith Plc will post 31.7782285 earnings per share for the current year.

DS Smith Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, December 12th will be issued a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 1.07%. 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.