DS Smith plc (LON:SMDS) announced a dividend on Friday, December 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 5.20 ($0.07) per share on Wednesday, May 1st. This represents a yield of 1.74%. The ex-dividend date of this dividend is Thursday, April 4th. The official announcement can be accessed at this link.
Shares of SMDS traded up GBX 1.30 ($0.02) during midday trading on Friday, reaching GBX 356.30 ($4.66). The stock had a trading volume of 5,171,284 shares, compared to its average volume of 3,860,000. DS Smith has a 1-year low of GBX 286.20 ($3.74) and a 1-year high of GBX 542.45 ($7.09). The firm has a market capitalization of $4.88 billion and a price-to-earnings ratio of 14.97. The company has a current ratio of 1.39, a quick ratio of 0.58 and a debt-to-equity ratio of 66.45.
A number of research firms recently commented on SMDS. Jefferies Financial Group reaffirmed a “hold” rating on shares of DS Smith in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of DS Smith from GBX 600 ($7.84) to GBX 400 ($5.23) and set an “overweight” rating on the stock in a research report on Tuesday, January 29th. Peel Hunt reduced their target price on shares of DS Smith from GBX 585 ($7.64) to GBX 460 ($6.01) and set a “buy” rating for the company in a research note on Monday, February 11th. Berenberg Bank restated a “buy” rating and issued a GBX 500 ($6.53) target price on shares of DS Smith in a research note on Monday, March 25th. Finally, Citigroup reiterated a “buy” rating on shares of DS Smith in a research note on Friday, February 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. DS Smith has a consensus rating of “Buy” and a consensus target price of GBX 469 ($6.13).
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About DS Smith
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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