DS Smith (LON:SMDS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

DS Smith Plc (LON:SMDS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 466.48 ($5.85) and traded as high as GBX 547.14 ($6.86). DS Smith shares last traded at GBX 546.50 ($6.85), with a volume of 334,166 shares trading hands.

Analyst Ratings Changes

SMDS has been the subject of a number of research analyst reports. Stifel Nicolaus cut shares of DS Smith to a “hold” rating and lowered their price objective for the stock from GBX 498 ($6.24) to GBX 480 ($6.02) in a research report on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 550 ($6.89) price target on shares of DS Smith in a research note on Friday, December 6th.

DS Smith Stock Up 1.6 %

The business’s fifty day moving average is GBX 533.94 and its two-hundred day moving average is GBX 466.48. The stock has a market cap of £7.54 billion, a price-to-earnings ratio of 1,951.79, 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.

DS Smith Cuts Dividend

The business 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. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, December 12th. DS Smith’s dividend payout ratio is currently 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.