DS Smith (LON:SMDS) Sets New 1-Year High – Here’s What Happened

DS Smith Plc (LON:SMDS)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 508 ($6.59) and last traded at GBX 506.50 ($6.57), with a volume of 4601742 shares changing hands. The stock had previously closed at GBX 477.40 ($6.19).

Analysts Set New Price Targets

Separately, Stifel Nicolaus downgraded DS Smith to a “hold” rating and reduced their price objective for the stock from GBX 498 ($6.46) to GBX 480 ($6.22) in a research report on Wednesday, September 4th.

DS Smith Price Performance

The stock has a 50-day simple moving average of GBX 466.15 and a 200 day simple moving average of GBX 420.37. The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The company has a market cap of £7.06 billion, a P/E ratio of 1,705.00, a P/E/G ratio of 1.06 and a beta of 0.87.

Insiders Place Their Bets

In other news, insider Miles Roberts sold 96,348 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 471 ($6.11), for a total value of £453,799.08 ($588,508.73). Corporate insiders own 6.11% of the company’s stock.

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.