Zacks Investment Research upgraded shares of Smurfit Kappa Group PLC (NASDAQ:SMFKY) from a hold rating to a buy rating in a report released on Saturday. They currently have $33.00 target price on the stock.

According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

Shares of Smurfit Kappa Group PLC (NASDAQ SMFKY) opened at 29.65 on Friday. The firm has a 50-day moving average of $30.65 and a 200 day moving average of $28.05. Smurfit Kappa Group PLC has a 52-week low of $21.31 and a 52-week high of $31.61. The company has a market capitalization of $7.00 billion and a P/E ratio of 14.87.

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