JPMorgan Chase & Co. Trims Smurfit Kappa Group (LON:SKG) Target Price to GBX 3,400

Smurfit Kappa Group (LON:SKGGet Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from GBX 3,500 ($44.50) to GBX 3,400 ($43.22) in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.06% from the company’s current price.

Separately, Barclays reissued an “overweight” rating and issued a GBX 3,830 ($48.69) price target on shares of Smurfit Kappa Group in a research note on Monday, November 6th.

Read Our Latest Research Report on SKG

Smurfit Kappa Group Stock Performance

LON:SKG opened at GBX 2,880 ($36.61) on Wednesday. The firm’s fifty day moving average price is GBX 3,031 and its 200 day moving average price is GBX 2,946.31. Smurfit Kappa Group has a 1-year low of GBX 2,528 ($32.14) and a 1-year high of GBX 3,604 ($45.82). The company has a debt-to-equity ratio of 70.58, a current ratio of 1.57 and a quick ratio of 1.04. The firm has a market cap of £7.50 billion, a price-to-earnings ratio of 1,039.71 and a beta of 0.93.

About Smurfit Kappa Group

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Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in the Americas and Europe. 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.

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