DS Smith plc (LON:SMDS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $345.21 and traded as high as $357.30. DS Smith shares last traded at $345.10, with a volume of 6,549,011 shares trading hands.
A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on DS Smith from GBX 370 ($4.83) to GBX 360 ($4.70) and set a “hold” rating on the stock in a research note on Tuesday, June 18th. UBS Group reaffirmed a “neutral” rating and set a GBX 350 ($4.57) price target on shares of DS Smith in a research note on Friday, August 30th. Numis Securities reaffirmed an “add” rating on shares of DS Smith in a research note on Friday, June 14th. BNP Paribas downgraded DS Smith to an “underperform” rating and dropped their price target for the stock from GBX 340 ($4.44) to GBX 300 ($3.92) in a research note on Monday, June 17th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of DS Smith in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. DS Smith has an average rating of “Hold” and a consensus price target of GBX 407.50 ($5.32).
The business has a 50 day moving average of GBX 339.85 and a two-hundred day moving average of GBX 345.21. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.46 and a current ratio of 0.88. The firm has a market capitalization of $4.73 billion and a price-to-earnings ratio of 16.75.
DS Smith Company Profile (LON:SMDS)
DS Smith Plc designs and manufactures corrugated packaging and plastic packaging for consumer goods. It provides transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, inserts and cushioning, and electrostatic discharge packaging products, as well as wrap arounds, trays, and bag-in-boxes; displays and promotional packaging products; corrugated pallets; Sheetfeeding products; packaging machine systems; and Sizzlepak, a stuffing material made of paper, folded in a zigzag shape, and cut into narrow strips, as well as provides packaging consultancy services.
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