Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Receives Average Recommendation of “Buy” from Analysts

Shares of Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Rating) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $55.00.

Several research analysts have recently issued reports on SMFKY shares. Credit Suisse Group reduced their target price on shares of Smurfit Kappa Group from €60.00 ($64.52) to €55.00 ($59.14) in a research note on Tuesday, April 12th. Zacks Investment Research lowered shares of Smurfit Kappa Group from a “buy” rating to a “strong sell” rating in a research note on Thursday, March 31st.

Shares of OTCMKTS:SMFKY opened at $42.78 on Thursday. Smurfit Kappa Group has a 12 month low of $37.83 and a 12 month high of $60.34. The company’s 50-day moving average price is $45.63 and its two-hundred day moving average price is $50.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.07.

The company also recently declared a dividend, which will be paid on Monday, May 23rd. Investors of record on Friday, April 8th will be given a $0.767 dividend. The ex-dividend date is Thursday, April 7th. This represents a dividend yield of 2.21%.

About Smurfit Kappa Group (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 (OTCMKTS:SMFKY)

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