Smurfit Kappa Group (LON:SKG) Hits New 12-Month High at $3,664.00

Smurfit Kappa Group Plc (LON:SKGGet Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 3,664 ($46.00) and last traded at GBX 3,632 ($45.59), with a volume of 18294 shares. The stock had previously closed at GBX 3,620 ($45.44).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on shares of Smurfit Kappa Group from GBX 3,500 ($43.94) to GBX 3,400 ($42.68) and set an “overweight” rating on the stock in a research report on Wednesday, January 31st.

Read Our Latest Analysis on SKG

Smurfit Kappa Group Stock Up 0.2 %

The firm’s 50-day moving average price is GBX 3,308.41 and its 200 day moving average price is GBX 3,025.60. The firm has a market capitalization of £9.47 billion, a price-to-earnings ratio of 1,448.80 and a beta of 0.93. 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 declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be given a €1.18 ($1.27) dividend. The ex-dividend date is Thursday, April 11th. This is a positive change from Smurfit Kappa Group’s previous dividend of $0.34. This represents a dividend yield of 3.52%. Smurfit Kappa Group’s dividend payout ratio is currently 5,240.00%.

About Smurfit Kappa Group

(Get Free Report)

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.

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