SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

Separately, ValuEngine raised SMURFIT KAPPA G/ADR from a strong sell rating to a sell rating in a research report on Saturday, January 18th.

SMURFIT KAPPA G/ADR stock opened at $38.28 on Tuesday. The stock’s 50 day simple moving average is $37.03 and its two-hundred day simple moving average is $33.75. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 12.55 and a beta of 0.83. SMURFIT KAPPA G/ADR has a fifty-two week low of $27.00 and a fifty-two week high of $39.57.

SMURFIT KAPPA G/ADR 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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