Smurfit Kappa Group (LON:SKG) Stock Passes Below Two Hundred Day Moving Average of $3,541.12

Smurfit Kappa Group Plc (LON:SKGGet Rating)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,541.12 ($43.37) and traded as low as GBX 2,847 ($34.87). Smurfit Kappa Group shares last traded at GBX 2,868 ($35.13), with a volume of 286,920 shares traded.

SKG has been the topic of several analyst reports. Citigroup reissued a “buy” rating and set a GBX 5,000 ($61.24) target price on shares of Smurfit Kappa Group in a research report on Friday, April 8th. Morgan Stanley reissued an “equal weight” rating and set a GBX 4,200 ($51.45) target price on shares of Smurfit Kappa Group in a research report on Thursday, April 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Smurfit Kappa Group from GBX 4,786 ($58.62) to GBX 4,728 ($57.91) and set an “overweight” rating on the stock in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,445.60 ($54.45).

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 stock’s fifty day simple moving average is GBX 3,162.27 and its 200-day simple moving average is GBX 3,541.12. The company has a market capitalization of £7.37 billion and a P/E ratio of 12.64.

Smurfit Kappa Group Company Profile (LON:SKG)

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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