Smurfit Kappa Group (LON:SKG) Shares Pass Above 200-Day Moving Average of $3,108.52

Shares of Smurfit Kappa Group Plc (LON:SKG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,108.52 ($38.40) and traded as high as GBX 3,448 ($42.59). Smurfit Kappa Group shares last traded at GBX 3,402 ($42.02), with a volume of 530,266 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on Smurfit Kappa Group from GBX 3,500 ($43.23) to GBX 3,400 ($42.00) and set an “overweight” rating on the stock in a report on Wednesday, January 31st.

Smurfit Kappa Group Price Performance

The company has a debt-to-equity ratio of 67.19, a current ratio of 1.51 and a quick ratio of 1.04. The company has a 50-day moving average price of GBX 3,459.93 and a 200-day moving average price of GBX 3,108.52. The firm has a market capitalization of £8.88 billion, a PE ratio of 1,360.80 and a beta of 0.93.

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 given a dividend of €1.18 ($1.26) per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Smurfit Kappa Group’s previous dividend of $0.34. This represents a yield of 3.52%. Smurfit Kappa Group’s dividend payout ratio is 5,240.00%.

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.