Smurfit Kappa Group (SKG) Downgraded by Goldman Sachs Group to Sell

Goldman Sachs Group cut shares of Smurfit Kappa Group (LON:SKG) to a sell rating in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has GBX 2,475 ($32.34) target price on the stock, up from their prior target price of GBX 2,415 ($31.56).

Separately, Jefferies Financial Group raised their price target on Smurfit Kappa Group from GBX 2,600 ($33.97) to GBX 2,900 ($37.89) and gave the stock a buy rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 3,118.75 ($40.75).

Shares of SKG stock opened at GBX 2,388.78 ($31.21) on Tuesday. Smurfit Kappa Group has a 52-week low of GBX 1,915 ($25.02) and a 52-week high of GBX 3,306 ($43.20). The company has a debt-to-equity ratio of 122.66, a current ratio of 1.39 and a quick ratio of 0.95. The company has a market cap of $5.64 billion and a P/E ratio of 9.09.

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a dividend of €0.72 ($0.84) per share. This is a positive change from Smurfit Kappa Group’s previous dividend of $0.25. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, April 11th. Smurfit Kappa Group’s dividend payout ratio (DPR) is currently 0.33%.

Smurfit Kappa Group Company Profile

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through Europe and the Americas segments. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.

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Analyst Recommendations for Smurfit Kappa Group (LON:SKG)

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