DS Smith’s (SMDS) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of DS Smith (LON:SMDS) in a research note issued to investors on Friday,Digital Look reports. The brokerage currently has a GBX 550 ($7.01) price target on the stock.

Separately, Stifel Nicolaus downgraded DS Smith to a “hold” rating and dropped their price target for the stock from GBX 498 ($6.35) to GBX 480 ($6.12) in a research note on Wednesday, September 4th.

DS Smith Price Performance

Shares of DS Smith stock opened at GBX 562.50 ($7.17) on Friday. The company has a market capitalization of £7.76 billion, a price-to-earnings ratio of 2,008.93, a PEG ratio of 1.06 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 0.86 and a debt-to-equity ratio of 70.02. The stock’s 50-day simple moving average is GBX 515.75 and its 200-day simple moving average is GBX 453.90. DS Smith has a 52 week low of GBX 270.30 ($3.44) and a 52 week high of GBX 601.75 ($7.67).

DS Smith Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, December 12th will be given 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.