Smurfit Kappa Group (SKG) Sets New 12-Month High at $2,486.00

Shares of Smurfit Kappa Group Plc (LON:SKG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,486 ($33.24) and last traded at GBX 2,455 ($32.83), with a volume of 0 shares changing hands. The stock had previously closed at GBX 2,455 ($32.83).

Several research firms have recently commented on SKG. Numis Securities reiterated an “add” rating and set a GBX 2,600 ($34.76) target price on shares of Smurfit Kappa Group in a research note on Thursday, November 2nd. Deutsche Bank reiterated a “buy” rating and set a GBX 2,650 ($35.43) target price on shares of Smurfit Kappa Group in a research note on Friday, October 27th. Jefferies Group increased their target price on Smurfit Kappa Group from GBX 2,635 ($35.23) to GBX 2,930 ($39.18) and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Goldman Sachs Group upgraded Smurfit Kappa Group to a “buy” rating and increased their target price for the company from GBX 2,600 ($34.76) to GBX 2,750 ($36.77) in a research note on Tuesday, September 12th.

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About Smurfit Kappa Group

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through two segments, Europe and the Americas. 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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