DS Smith (LON:SMDS) Stock Passes Above 200-Day Moving Average of $311.86

DS Smith Plc (LON:SMDS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 311.86 ($3.88) and traded as high as GBX 400.80 ($4.99). DS Smith shares last traded at GBX 397.20 ($4.94), with a volume of 35,903,235 shares trading hands.

Analyst Ratings Changes

Separately, Numis Securities reaffirmed a “buy” rating and set a GBX 385 ($4.79) target price on shares of DS Smith in a report on Friday, March 8th.

DS Smith Stock Up 1.0 %

The business’s fifty day simple moving average is GBX 353.47 and its two-hundred day simple moving average is GBX 311.86. The company has a market cap of £5.48 billion, a PE ratio of 1,168.24, a PEG ratio of 1.06 and a beta of 0.92. The company has a debt-to-equity ratio of 72.82, a current ratio of 0.94 and a quick ratio of 0.59.

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.