Smurfit Kappa Group (LON:SKG) Shares Cross Above 200 Day Moving Average of $3,108.52

Shares of Smurfit Kappa Group Plc (LON:SKG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,108.52 ($38.40) and traded as high as GBX 3,448 ($42.59). Smurfit Kappa Group shares last traded at GBX 3,402 ($42.02), with a volume of 530,266 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on shares of Smurfit Kappa Group from GBX 3,500 ($43.23) to GBX 3,400 ($42.00) and set an “overweight” rating for the company in a research note on Wednesday, January 31st.

Smurfit Kappa Group Trading Up 0.8 %

The company has a quick ratio of 1.04, a current ratio of 1.51 and a debt-to-equity ratio of 67.19. The firm’s 50 day simple moving average is GBX 3,467.57 and its two-hundred day simple moving average is GBX 3,115.69. The stock has a market cap of £8.95 billion, a P/E ratio of 1,371.20 and a beta of 0.93.

Smurfit Kappa Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be issued a dividend of €1.18 ($1.26) per share. This is an increase from Smurfit Kappa Group’s previous dividend of $0.34. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.52%. Smurfit Kappa Group’s payout ratio 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.