Smurfit Kappa Group (LON:SKG) Hits New 1-Year High at $3,850.00

Smurfit Kappa Group Plc (LON:SKG)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,850 ($48.93) and last traded at GBX 3,806 ($48.37), with a volume of 13312003 shares changing hands. The stock had previously closed at GBX 3,778 ($48.02).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on shares of Smurfit Kappa Group from GBX 4,100 ($52.11) to GBX 4,200 ($53.38) and gave the stock an “overweight” rating in a report on Friday, May 3rd.

Smurfit Kappa Group Trading Up 0.2 %

The company has a quick ratio of 1.04, a current ratio of 1.51 and a debt-to-equity ratio of 67.19. The firm’s 50-day simple moving average is GBX 3,605.45 and its 200 day simple moving average is GBX 3,244.23. The stock has a market capitalization of £9.90 billion, a P/E ratio of 1,507.57 and a beta of 0.94.

Smurfit Kappa Group Company Profile

Smurfit Kappa Group Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland, Germany, France, Mexico, rest of Europe, and other Americas. The company offers e-commerce, retail, consumer, industrial, bottle, protective, heavy-duty, hexacomb, and various punnet packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a packaging system that comprises films, accessories, bags, taps, and boxes.