Smurfit Kappa Group (LON:SKG) Price Target Increased to GBX 4,200 by Analysts at JPMorgan Chase & Co.

Smurfit Kappa Group (LON:SKG) had its target price increased by JPMorgan Chase & Co. from GBX 4,100 ($51.50) to GBX 4,200 ($52.76) in a research note issued to investors on Friday morning, MarketBeat reports. They currently have an overweight rating on the stock.

Smurfit Kappa Group Stock Up 1.8 %

Shares of LON SKG opened at GBX 3,740 ($46.98) on Friday. The business has a 50-day moving average of GBX 3,499.69 and a two-hundred day moving average of GBX 3,144.24. The company has a market capitalization of £9.77 billion, a price-to-earnings ratio of 1,502.01 and a beta of 0.94. Smurfit Kappa Group has a 1 year low of GBX 2,528 ($31.75) and a 1 year high of GBX 3,845.94 ($48.31). The company has a debt-to-equity ratio of 67.19, a current ratio of 1.51 and a quick ratio of 1.04.

Smurfit Kappa Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a dividend of €1.18 ($1.27) per share. This is a boost from Smurfit Kappa Group’s previous dividend of $0.34. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 3.52%. Smurfit Kappa Group’s payout ratio is presently 5,261.04%.

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.