Smurfit Kappa Group (OTCMKTS:SMFKY) Hits New 12-Month Low at $33.13

Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Rating) reached a new 52-week low during trading on Thursday . The company traded as low as $33.13 and last traded at $33.44, with a volume of 27107 shares changing hands. The stock had previously closed at $34.29.

A number of research analysts have recently commented on SMFKY shares. JPMorgan Chase & Co. lowered their target price on Smurfit Kappa Group from €57.18 ($60.19) to €56.03 ($58.98) and set an “overweight” rating for the company in a research report on Tuesday, May 3rd. Jefferies Financial Group upgraded Smurfit Kappa Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Credit Suisse Group lowered their price target on Smurfit Kappa Group from €60.00 ($63.16) to €55.00 ($57.89) in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.52.

The business has a 50-day moving average of $39.60 and a 200-day moving average of $46.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.07.

The business also recently declared a dividend, which was paid on Monday, May 23rd. Investors of record on Friday, April 8th were given a $0.767 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a yield of 2.21%.

About Smurfit Kappa Group (OTCMKTS:SMFKY)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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