JPMorgan Chase & Co. Raises Smurfit Kappa Group (LON:SKG) Price Target to GBX 3,655

Smurfit Kappa Group (LON:SKGGet Rating) had its target price upped by JPMorgan Chase & Co. from GBX 3,490 ($42.05) to GBX 3,655 ($44.04) in a research note issued on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.15% from the stock’s current price.

A number of other research analysts also recently issued reports on SKG. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 4,200 ($50.60) price target on shares of Smurfit Kappa Group in a report on Thursday, April 14th. Citigroup reiterated a “buy” rating and issued a GBX 5,000 ($60.24) price target on shares of Smurfit Kappa Group in a report on Friday, April 8th.

Smurfit Kappa Group Trading Down 1.2 %

Shares of LON:SKG opened at GBX 2,968 ($35.76) on Thursday. Smurfit Kappa Group has a 12-month low of GBX 2,623 ($31.60) and a 12-month high of GBX 4,334 ($52.22). The business’s fifty day simple moving average is GBX 2,905.19 and its 200-day simple moving average is GBX 3,306.45. The company has a market capitalization of £7.72 billion and a PE ratio of 1,336.94. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 85.47.

Smurfit Kappa Group Company Profile

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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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