Smurfit Kappa Group (LON:SKG) Stock Passes Below Two Hundred Day Moving Average of $2,413.07

Smurfit Kappa Group Plc (LON:SKG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2,413.07 and traded as low as $2,480.00. Smurfit Kappa Group shares last traded at $2,500.00, with a volume of 174,818 shares changing hands.

Several brokerages recently weighed in on SKG. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,900 ($37.89) price objective on shares of Smurfit Kappa Group in a report on Wednesday, July 31st. Bank of America restated a “buy” rating on shares of Smurfit Kappa Group in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 2,691.67 ($35.17).

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 $6.04 billion and a P/E ratio of 9.67. The company’s 50 day simple moving average is GBX 2,492 and its 200 day simple moving average is GBX 2,414.98.

The company also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a €0.28 ($0.32) dividend. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 26th. Smurfit Kappa Group’s payout ratio is presently 0.33%.

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, 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.

See Also: What is meant by holder of record?

Receive News & Ratings for Smurfit Kappa Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Kappa Group and related companies with MarketBeat.com's FREE daily email newsletter.