Citigroup Reaffirms “Buy” Rating for Smurfit Kappa Group (OTCMKTS:SMFKY)


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Smurfit Kappa Group (OTCMKTS:SMFKY)‘s stock had its “buy” rating reiterated by research analysts at Citigroup in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other analysts also recently commented on the company. Berenberg Bank initiated coverage on Smurfit Kappa Group in a research report on Wednesday, March 17th. They set a “buy” rating for the company. UBS Group reaffirmed a “buy” rating on shares of Smurfit Kappa Group in a research report on Friday, April 16th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Smurfit Kappa Group in a research report on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Smurfit Kappa Group in a research report on Tuesday. Finally, Bank of America downgraded Smurfit Kappa Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $55.00.

Shares of SMFKY stock traded up $1.44 during trading hours on Tuesday, reaching $53.14. The company had a trading volume of 9,086 shares, compared to its average volume of 16,456. Smurfit Kappa Group has a 12 month low of $28.74 and a 12 month high of $53.14. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.47 and a quick ratio of 1.07. The business has a fifty day simple moving average of $48.90 and a 200-day simple moving average of $46.81. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 17.42 and a beta of 0.92.

About Smurfit Kappa Group

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

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Analyst Recommendations for Smurfit Kappa Group (OTCMKTS:SMFKY)

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