DS Smith Plc (LON:SMDS) Insider Acquires £18,900 in Stock

DS Smith Plc (LON:SMDSGet Rating) insider Alina Kessel acquired 7,000 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was purchased at an average price of GBX 270 ($3.27) per share, for a total transaction of £18,900 ($22,886.90).

Shares of SMDS stock traded down GBX 7.90 ($0.10) during trading hours on Tuesday, reaching GBX 269.70 ($3.27). The company had a trading volume of 5,931,827 shares, compared to its average volume of 3,992,022. The company has a 50 day moving average of GBX 302.56 and a 200 day moving average of GBX 334.50. The company has a debt-to-equity ratio of 65.27, a current ratio of 0.80 and a quick ratio of 0.57. The firm has a market cap of £3.71 billion and a price-to-earnings ratio of 15.01. DS Smith Plc has a 1-year low of GBX 265.40 ($3.21) and a 1-year high of GBX 465.97 ($5.64).

The business also recently declared a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Thursday, October 6th will be paid a GBX 10.20 ($0.12) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 3.51%. This is an increase from DS Smith’s previous dividend of $4.80. DS Smith’s dividend payout ratio is 0.70%.

A number of research analysts have commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 510 ($6.18) price objective on shares of DS Smith in a research report on Tuesday, May 24th. Morgan Stanley reiterated an “overweight” rating on shares of DS Smith in a research report on Wednesday, May 11th. Citigroup reiterated a “buy” rating on shares of DS Smith in a research report on Thursday, April 7th. Finally, JPMorgan Chase & Co. decreased their price objective on DS Smith from GBX 594 ($7.19) to GBX 500 ($6.05) and set an “overweight” rating on the stock in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 496.71 ($6.01).

About DS Smith (Get Rating)

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, online and e-retail, industrial, hazardous, multi-material, 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 outdoor advertising services.

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