Numis Securities Ltd Increases Smurfit Kappa Group Plc (LON:SKG) Price Target to GBX 2,600
Smurfit Kappa Group Plc (LON:SKG) had its price target increased by research analysts at Numis Securities Ltd from GBX 2,400 ($31.66) to GBX 2,600 ($34.30) in a research note issued to investors on Thursday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 14.09% from the stock’s current price.
SKG has been the subject of a number of other research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,460 ($32.45) price objective on shares of Smurfit Kappa Group Plc in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Smurfit Kappa Group Plc from GBX 2,500 ($32.98) to GBX 2,425 ($31.99) and set a “buy” rating for the company in a research report on Monday, April 24th. Finally, Jefferies Group LLC dropped their target price on shares of Smurfit Kappa Group Plc from GBX 2,730 ($36.01) to GBX 2,550 ($33.64) and set a “buy” rating for the company in a research report on Monday, May 15th.
Smurfit Kappa Group Plc (LON:SKG) traded up 2.80% during midday trading on Thursday, reaching GBX 2279.00. 432,897 shares of the company traded hands. The company’s 50-day moving average price is GBX 2,342.71 and its 200 day moving average price is GBX 2,194.47. The firm’s market capitalization is GBX 5.38 billion. Smurfit Kappa Group Plc has a 12 month low of GBX 1,664.00 and a 12 month high of GBX 2,441.00.
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In other Smurfit Kappa Group Plc news, insider Jørgen Buhl Rasmussen purchased 2,469 shares of the stock in a transaction dated Monday, June 19th. The shares were bought at an average cost of GBX 2,344 ($30.92) per share, with a total value of £57,873.36 ($76,340.01).
Smurfit Kappa Group Plc 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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