Smurfit Kappa Group (LON:SKG) Stock Passes Above 200 Day Moving Average of $3,080.66

Smurfit Kappa Group Plc (LON:SKG)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,080.66 ($38.35) and traded as high as GBX 3,504 ($43.62). Smurfit Kappa Group shares last traded at GBX 3,454 ($43.00), with a volume of 1,357,454 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Smurfit Kappa Group from GBX 3,500 ($43.57) to GBX 3,400 ($42.33) and set an “overweight” rating on the stock in a research report on Wednesday, January 31st.

Smurfit Kappa Group Stock Performance

The firm has a fifty day moving average price of GBX 3,441.61 and a two-hundred day moving average price of GBX 3,089.30. The company has a debt-to-equity ratio of 67.19, a current ratio of 1.51 and a quick ratio of 1.04. The stock has a market capitalization of £9.19 billion, a PE ratio of 1,407.20 and a beta of 0.93.

Smurfit Kappa Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a €1.18 ($1.26) dividend. The ex-dividend date is Thursday, April 11th. This is a boost from Smurfit Kappa Group’s previous dividend of $0.34. This represents a yield of 3.52%. Smurfit Kappa Group’s dividend payout ratio (DPR) is 5,240.00%.

About Smurfit Kappa Group

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.