Stifel Nicolaus Lowers DS Smith (LON:SMDS) to Hold

Stifel Nicolaus cut shares of DS Smith (LON:SMDS) to a hold rating in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has GBX 480 ($6.31) target price on the stock, down from their previous target price of GBX 498 ($6.55).

Separately, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 400 ($5.26) price target on shares of DS Smith in a report on Wednesday, June 12th.

DS Smith Trading Down 0.5 %

DS Smith stock opened at GBX 447.20 ($5.88) on Wednesday. The stock has a market cap of £6.17 billion, a P/E ratio of 1,597.14, a PEG ratio of 1.06 and a beta of 0.88. DS Smith has a fifty-two week low of GBX 260.50 ($3.43) and a fifty-two week high of GBX 483 ($6.35). The firm’s fifty day moving average price is GBX 448.61 and its 200-day moving average price is GBX 393.40. The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86.

DS Smith Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a GBX 12 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This is a positive change from DS Smith’s previous dividend of $6.00. This represents a yield of 3.41%. DS Smith’s payout ratio is 6,428.57%.

Insider Buying and Selling

In related news, insider Richard Pike sold 42,959 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of GBX 358 ($4.71), for a total value of £153,793.22 ($202,226.46). In related news, insider Miles Roberts sold 96,348 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 471 ($6.19), for a total value of £453,799.08 ($596,711.48). Also, insider Richard Pike sold 42,959 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of GBX 358 ($4.71), for a total transaction of £153,793.22 ($202,226.46). 4.10% of the stock is owned by company insiders.

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.