Smurfit Kappa Group (LON:SKG) Share Price Crosses Above Two Hundred Day Moving Average of $3,080.66

Shares of Smurfit Kappa Group Plc (LON:SKG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,080.66 ($38.35) and traded as high as GBX 3,504 ($43.62). Smurfit Kappa Group shares last traded at GBX 3,454 ($43.00), with a volume of 1,357,454 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on Smurfit Kappa Group from GBX 3,500 ($43.57) to GBX 3,400 ($42.33) and set an “overweight” rating on the stock in a report on Wednesday, January 31st.

Smurfit Kappa Group Trading Up 0.8 %

The firm has a market cap of £9.02 billion, a price-to-earnings ratio of 1,381.60 and a beta of 0.93. The company has a debt-to-equity ratio of 67.19, a quick ratio of 1.04 and a current ratio of 1.51. The business has a fifty day moving average of GBX 3,427.69 and a two-hundred day moving average of GBX 3,080.66.

Smurfit Kappa Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be issued a €1.18 ($1.26) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 3.52%. This is a boost from Smurfit Kappa Group’s previous dividend of $0.34. Smurfit Kappa Group’s dividend payout ratio is currently 5,240.00%.

Smurfit Kappa Group Company Profile

Smurfit Kappa Group Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland, Germany, France, Mexico, rest of Europe, and other Americas. The company offers e-commerce, retail, consumer, industrial, bottle, protective, heavy-duty, hexacomb, and various punnet packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a packaging system that comprises films, accessories, bags, taps, and boxes.