Smurfit Kappa Group (LON:SKG) Share Price Passes Above 200 Day Moving Average of $0.00

Smurfit Kappa Group Plc (LON:SKG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $2,614.00. Smurfit Kappa Group shares last traded at $2,610.00, with a volume of 300,243 shares traded.

SKG has been the subject of a number of research analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,800 ($23.52) price target on shares of in a research note on Monday, June 3rd. Goldman Sachs Group set a $44.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $75.00 price target on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th.

The company has a quick ratio of 0.95, a current ratio of 1.39 and a debt-to-equity ratio of 122.66. The company has a fifty day moving average of GBX 2,353.60. The firm has a market cap of $6.18 billion and a price-to-earnings ratio of 9.93.

Smurfit Kappa Group Company Profile (LON:SKG)

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, 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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