Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Receives Consensus Recommendation of “Hold” from Brokerages

Smurfit Kappa Group Plc (OTCMKTS:SMFKY – Get Rating) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $55.52.

Several brokerages have issued reports on SMFKY. Zacks Investment Research downgraded shares of Smurfit Kappa Group from a “buy” rating to a “strong sell” rating in a research note on Thursday, March 31st. JPMorgan Chase & Co. decreased their price objective on shares of Smurfit Kappa Group from €57.18 ($60.19) to €56.03 ($58.98) and set an “overweight” rating for the company in a research note on Tuesday, May 3rd. Finally, Credit Suisse Group decreased their price objective on shares of Smurfit Kappa Group from €60.00 ($63.16) to €55.00 ($57.89) in a research note on Tuesday, April 12th.

Shares of OTCMKTS SMFKY opened at $39.41 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.07. Smurfit Kappa Group has a 1 year low of $37.83 and a 1 year high of $60.34. The firm has a 50-day simple moving average of $42.54 and a two-hundred day simple moving average of $49.41.

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

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.

Featured Stories