Jefferies Group Raises Smurfit Kappa Group (LON:SKG) Price Target to GBX 2,930

Smurfit Kappa Group (LON:SKG) had its target price hoisted by Jefferies Group from GBX 2,635 ($35.46) to GBX 2,930 ($39.43) in a note issued to investors on Monday, November 27th, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 25.51% from the company’s previous close.

A number of other research firms have also recently weighed in on SKG. Goldman Sachs Group raised shares of Smurfit Kappa Group to a “buy” rating and increased their price objective for the stock from GBX 2,600 ($34.99) to GBX 2,750 ($37.01) in a report on Tuesday, September 12th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,650 ($35.67) price objective on shares of Smurfit Kappa Group in a report on Friday, October 27th. Finally, Numis Securities increased their price objective on shares of Smurfit Kappa Group from GBX 2,400 ($32.30) to GBX 2,600 ($34.99) and gave the stock an “add” rating in a report on Thursday, August 3rd.

Smurfit Kappa Group (LON SKG) opened at GBX 2,334.51 ($31.42) on Monday. Smurfit Kappa Group has a 52-week low of GBX 1,712.74 ($23.05) and a 52-week high of GBX 2,441 ($32.85).

TRADEMARK VIOLATION WARNING: “Jefferies Group Raises Smurfit Kappa Group (LON:SKG) Price Target to GBX 2,930” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://ledgergazette.com/2017/12/07/smurfit-kappa-group-plc-skg-price-target-increased-to-gbx-2930-by-analysts-at-jefferies-group-llc.html.

Smurfit Kappa Group Company Profile

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through two segments, Europe and the Americas. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.

Receive News & Ratings for Smurfit Kappa Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Kappa Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply