Insider Buying: DS Smith Plc (LON:SMDS) Insider Acquires 10,000 Shares of Stock

DS Smith Plc (LON:SMDSGet Rating) insider David Robbie purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was bought at an average price of GBX 292 ($3.58) per share, for a total transaction of £29,200 ($35,766.78).

Shares of DS Smith stock opened at GBX 282.30 ($3.46) on Friday. The business has a fifty day simple moving average of GBX 307.58 and a two-hundred day simple moving average of GBX 339.95. The company has a current ratio of 0.80, a quick ratio of 0.57 and a debt-to-equity ratio of 65.27. The firm has a market capitalization of £3.89 billion and a P/E ratio of 15.26. DS Smith Plc has a 12 month low of GBX 277.40 ($3.40) and a 12 month high of GBX 465.97 ($5.71).

The business also recently declared a dividend, which was paid on Tuesday, May 3rd. Stockholders of record on Thursday, April 7th were given a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, April 7th. DS Smith’s dividend payout ratio is presently 0.65%.

Several analysts recently weighed in on SMDS shares. Citigroup reiterated a “buy” rating on shares of DS Smith in a report on Thursday, April 7th. Morgan Stanley reiterated an “overweight” rating on shares of DS Smith in a report on Wednesday, May 11th. Berenberg Bank reissued a “buy” rating and set a GBX 510 ($6.25) price objective on shares of DS Smith in a research report on Tuesday, May 24th. Finally, JPMorgan Chase & Co. lowered their price objective on DS Smith from GBX 594 ($7.28) to GBX 500 ($6.12) and set an “overweight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 496.71 ($6.08).

DS Smith Company Profile (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, 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 outdoor advertising services.

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