Smurfit Kappa Group (LON:SKG) Earns Buy Rating from Bank of America

Smurfit Kappa Group (LON:SKG)‘s stock had its “buy” rating reiterated by analysts at Bank of America in a research note issued to investors on Tuesday, July 16th, Digital Look reports.

A number of other analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,900 ($37.89) price target on shares of Smurfit Kappa Group in a research note on Tuesday, May 7th. Numis Securities lowered their price target on Smurfit Kappa Group from GBX 3,300 ($43.12) to GBX 2,700 ($35.28) and set a “buy” rating for the company in a research note on Monday, June 3rd. Finally, Goldman Sachs Group cut Smurfit Kappa Group to a “sell” rating and upped their price target for the company from GBX 2,415 ($31.56) to GBX 2,475 ($32.34) in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 2,691.67 ($35.17).

Shares of SKG stock opened at GBX 2,466 ($32.22) on Tuesday. The company has a debt-to-equity ratio of 137.77, a current ratio of 1.18 and a quick ratio of 0.83. The stock has a market cap of $5.81 billion and a PE ratio of 9.38. The stock has a 50-day moving average of GBX 2,525.80 and a 200-day moving average of GBX 2,328.74. Smurfit Kappa Group has a one year low of GBX 1,915 ($25.02) and a one year high of GBX 3,304 ($43.17).

Smurfit Kappa Group Company Profile

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, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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Analyst Recommendations for Smurfit Kappa Group (LON:SKG)

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