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, 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).

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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.

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