DS Smith (LON:SMDS) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of DS Smith Plc (LON:SMDS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 419.51 ($5.44) and traded as high as GBX 479.54 ($6.22). DS Smith shares last traded at GBX 477.40 ($6.19), with a volume of 2,789,752 shares traded.

Analysts Set New Price Targets

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

DS Smith Trading Up 2.2 %

The firm has a market cap of £6.59 billion, a price-to-earnings ratio of 1,705.00, a P/E/G ratio of 1.06 and a beta of 0.87. The firm’s 50-day moving average is GBX 466.15 and its 200-day moving average is GBX 420.37. The company has a current ratio of 0.86, a quick ratio of 0.59 and a debt-to-equity ratio of 70.02.

Insider Activity

In other DS Smith news, insider Miles Roberts sold 96,348 shares of the business’s 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 transaction 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.