Smurfit Kappa Group (LON:SKG) Shares Pass Below 200-Day Moving Average of $3,096.26

Smurfit Kappa Group Plc (LON:SKG – Get Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,096.26 ($39.07) and traded as low as GBX 2,970 ($37.48). Smurfit Kappa Group shares last traded at GBX 2,980 ($37.60), with a volume of 128,339 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Smurfit Kappa Group to a “neutral” rating and dropped their target price for the company from GBX 3,430 ($43.28) to GBX 3,400 ($42.90) in a report on Friday, February 10th. Citigroup restated a “buy” rating and set a GBX 5,000 ($63.09) target price on shares of Smurfit Kappa Group in a report on Saturday, February 11th.

Smurfit Kappa Group Price Performance

The company has a debt-to-equity ratio of 75.03, a quick ratio of 1.04 and a current ratio of 1.49. The company’s fifty day simple moving average is GBX 2,958.88 and its two-hundred day simple moving average is GBX 3,096.26. The stock has a market capitalization of £7.75 billion, a PE ratio of 914.11 and a beta of 0.96.

Smurfit Kappa Group Company Profile

(Get Rating)

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.