Zacks Investment Research upgraded shares of Smurfit Kappa Group (OTCMKTS:SMFKY) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports. They currently have $63.00 price objective on the stock.
According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “
A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated an overweight rating on shares of Smurfit Kappa Group in a research report on Thursday, November 4th. Morgan Stanley assumed coverage on Smurfit Kappa Group in a research report on Tuesday, October 26th. They set an equal weight rating for the company. Finally, UBS Group reiterated a buy rating on shares of Smurfit Kappa Group in a research report on Tuesday, September 28th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Smurfit Kappa Group has a consensus rating of Buy and a consensus target price of $63.00.
Smurfit Kappa Group Company Profile
Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates in two segments, Europe and the Americas. The company offers consumer, retail, industrial, ecommerce, 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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