Jefferies Financial Group Reaffirms “Buy” Rating for Smurfit Kappa Group (LON:SKG)

Smurfit Kappa Group (LON:SKG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 2,900 ($37.89) price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 11.20% from the stock’s previous close.

Several other analysts have also recently issued reports on SKG. Bank of America reaffirmed a “buy” rating on shares of Smurfit Kappa Group in a research report on Tuesday, July 16th. Numis Securities lowered their price objective on Smurfit Kappa Group from GBX 3,300 ($43.12) to GBX 2,700 ($35.28) and set a “buy” rating for the company in a research report on Monday, June 3rd. Finally, Goldman Sachs Group cut Smurfit Kappa Group to a “sell” rating and raised their price objective for the stock from GBX 2,415 ($31.56) to GBX 2,475 ($32.34) in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,691.67 ($35.17).

LON SKG traded up GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 2,608 ($34.08). 498,886 shares of the company traded hands, compared to its average volume of 1,050,000. The company has a current ratio of 1.39, a quick ratio of 0.95 and a debt-to-equity ratio of 122.66. The stock has a market capitalization of $6.20 billion and a P/E ratio of 9.92. The firm has a 50-day simple moving average of GBX 2,489.72. Smurfit Kappa Group has a 52 week low of GBX 1,915 ($25.02) and a 52 week high of GBX 3,306 ($43.20).

About Smurfit Kappa Group

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, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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Analyst Recommendations for Smurfit Kappa Group (LON:SKG)

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