Smurfit Kappa Group’s (SKG) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Smurfit Kappa Group (LON:SKGGet Rating) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 4,200 ($54.73) target price on the stock.

Separately, Citigroup reiterated a buy rating and set a GBX 5,000 ($65.16) price target on shares of Smurfit Kappa Group in a research report on Friday, April 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of GBX 4,426.83 ($57.69).

Shares of Smurfit Kappa Group stock opened at GBX 3,141 ($40.93) on Thursday. Smurfit Kappa Group has a 1-year low of GBX 2,771 ($36.11) and a 1-year high of GBX 4,334 ($56.48). The company has a market capitalization of ¬£8.17 billion and a P/E ratio of 14.43. The business’s fifty day moving average price is GBX 3,527.58 and its two-hundred day moving average price is GBX 3,787.06. The company has a debt-to-equity ratio of 85.47, a current ratio of 1.44 and a quick ratio of 1.02.

The firm also recently declared a dividend, which will be paid on Friday, May 6th. Stockholders of record on Thursday, April 7th will be issued a dividend of €0.96 ($1.04) per share. This is an increase from Smurfit Kappa Group’s previous dividend of $0.29. The ex-dividend date of this dividend is Thursday, April 7th. This represents a dividend yield of 2.05%. Smurfit Kappa Group’s payout ratio is currently 0.54%.

Smurfit Kappa Group Company Profile (Get Rating)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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Analyst Recommendations for Smurfit Kappa Group (LON:SKG)

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