Smurfit Kappa Group (SKG) PT Raised to GBX 2,800 at Numis Securities

Smurfit Kappa Group (LON:SKG) had its target price boosted by Numis Securities from GBX 2,600 ($35.92) to GBX 2,800 ($38.68) in a research report sent to investors on Monday, January 29th. The firm currently has an add rating on the stock.

A number of other brokerages also recently issued reports on SKG. Jefferies Group reiterated a buy rating and issued a GBX 2,635 ($36.41) price objective on shares of Smurfit Kappa Group in a research report on Monday, October 23rd. Deutsche Bank restated a buy rating and set a GBX 2,650 ($36.61) price target on shares of Smurfit Kappa Group in a research report on Thursday, November 2nd.

Smurfit Kappa Group (LON:SKG) traded up GBX 46 ($0.64) during trading hours on Monday, hitting GBX 2,554 ($35.29). The company’s stock had a trading volume of 543,637 shares, compared to its average volume of 527,210. Smurfit Kappa Group has a 12-month low of GBX 1,712.74 ($23.66) and a 12-month high of GBX 2,662 ($36.78).

The firm also recently announced a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a €0.65 ($0.80) dividend. The ex-dividend date of this dividend is Thursday, April 12th. This is a boost from Smurfit Kappa Group’s previous dividend of $0.23. This represents a dividend yield of 2.4%.

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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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