DS Smith (LON:SMDS) Shares Pass Above 200 Day Moving Average of $349.96

DS Smith plc (LON:SMDS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $349.96 and traded as high as $380.70. DS Smith shares last traded at $378.90, with a volume of 4,449,885 shares traded.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on DS Smith from GBX 440 ($5.75) to GBX 420 ($5.49) and set an “overweight” rating on the stock in a research report on Monday, November 4th. UBS Group restated a “neutral” rating on shares of DS Smith in a research report on Wednesday, November 13th. Finally, Peel Hunt restated a “buy” rating on shares of DS Smith in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. DS Smith presently has an average rating of “Hold” and an average price target of GBX 405 ($5.29).

The company has a debt-to-equity ratio of 88.50, a current ratio of 0.88 and a quick ratio of 0.46. The stock has a 50-day simple moving average of GBX 369.44 and a 200-day simple moving average of GBX 349.96. The stock has a market cap of $5.20 billion and a P/E ratio of 18.39.

In other DS Smith news, insider Adrian Marsh sold 93,861 shares of DS Smith stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of GBX 345 ($4.51), for a total value of £323,820.45 ($423,128.77). Also, insider Celia Baxter sold 150 shares of DS Smith stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of GBX 382 ($4.99), for a total value of £573 ($748.73).

About DS Smith (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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