Smurfit Kappa Group (LON:SKG) Given New GBX 4,728 Price Target at JPMorgan Chase & Co.

Smurfit Kappa Group (LON:SKGGet Rating) had its price objective cut by JPMorgan Chase & Co. from GBX 4,786 ($59.79) to GBX 4,728 ($59.06) in a note issued to investors on Tuesday, Marketbeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 37.96% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Citigroup restated a “buy” rating and set a GBX 5,000 ($62.46) price target on shares of Smurfit Kappa Group in a report on Friday, April 8th. Morgan Stanley restated an “equal weight” rating and issued a GBX 4,200 ($52.47) target price on shares of Smurfit Kappa Group in a research note on Thursday, April 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 4,421.33 ($55.23).

LON SKG opened at GBX 3,427 ($42.81) on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 85.47. The business has a fifty day simple moving average of GBX 3,334.68 and a 200 day simple moving average of GBX 3,724.96. Smurfit Kappa Group has a 12 month low of GBX 2,771 ($34.62) and a 12 month high of GBX 4,334 ($54.14). The firm has a market capitalization of £8.92 billion and a P/E ratio of 15.65.

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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