Smurfit Kappa Group (LON:SKG) Given New GBX 4,200 Price Target at JPMorgan Chase & Co.

Smurfit Kappa Group (LON:SKG) had its price target boosted by JPMorgan Chase & Co. from GBX 4,100 ($51.51) to GBX 4,200 ($52.76) in a report released on Friday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Smurfit Kappa Group Stock Performance

The company’s 50-day moving average is GBX 3,509.53 and its 200-day moving average is GBX 3,157.37. 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 company has a market cap of £9.77 billion, a PE ratio of 1,502.01 and a beta of 0.94. Smurfit Kappa Group has a one year low of GBX 2,528 ($31.76) and a one year high of GBX 3,845.94 ($48.32).

Smurfit Kappa Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be paid a €1.18 ($1.27) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Smurfit Kappa Group’s previous dividend of $0.34. This represents a dividend yield of 3.52%. Smurfit Kappa Group’s payout ratio is currently 5,261.04%.

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.