Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Declares $0.21 Dividend

Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Rating) announced a dividend on Thursday, September 22nd, investing.com reports. Shareholders of record on Friday, September 30th will be given a dividend of 0.2086 per share on Monday, November 14th. This represents a yield of 3.03%. The ex-dividend date is Thursday, September 29th.

Smurfit Kappa Group Price Performance

SMFKY stock opened at $30.32 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 1.44. Smurfit Kappa Group has a 52-week low of $30.31 and a 52-week high of $58.59. The stock’s 50 day moving average is $34.69 and its two-hundred day moving average is $37.99.

Wall Street Analyst Weigh In

SMFKY has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Smurfit Kappa Group from €40.80 ($41.63) to €43.00 ($43.88) in a report on Thursday, July 28th. Credit Suisse Group lifted their target price on Smurfit Kappa Group from €45.00 ($45.92) to €48.00 ($48.98) and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Morgan Stanley lifted their target price on Smurfit Kappa Group from GBX 4,400 ($53.17) to GBX 4,500 ($54.37) in a research report on Thursday, July 28th. Finally, Jefferies Financial Group upgraded Smurfit Kappa Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,530.33.

Smurfit Kappa Group Company Profile

(Get Rating)

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.

Further Reading

Dividend History for Smurfit Kappa Group (OTCMKTS:SMFKY)

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