Smurfit Kappa Group (LON:SKG) had its price target boosted by equities researchers at Jefferies Financial Group from GBX 2,930 ($39.01) to GBX 3,460 ($46.07) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 11.83% from the company’s previous close.
A number of other research firms have also recently commented on SKG. Goldman Sachs Group increased their price target on shares of Smurfit Kappa Group from GBX 2,700 ($35.95) to GBX 3,000 ($39.94) and gave the company a “buy” rating in a report on Monday, March 5th. Numis Securities increased their price target on shares of Smurfit Kappa Group from GBX 2,800 ($37.28) to GBX 3,300 ($43.94) and gave the company an “add” rating in a report on Friday, May 25th. Finally, Bank of America reiterated a “buy” rating and set a GBX 3,500 ($46.60) price target on shares of Smurfit Kappa Group in a report on Wednesday, June 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Smurfit Kappa Group has a consensus rating of “Buy” and a consensus price target of GBX 3,182 ($42.36).
LON:SKG opened at GBX 3,094 ($41.19) on Tuesday. Smurfit Kappa Group has a 52 week low of GBX 1,712.74 ($22.80) and a 52 week high of GBX 3,254 ($43.32).
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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