Smurfit Kappa Group Plc (SKG) Cut to “Hold” at Jefferies Group

Jefferies Group downgraded shares of Smurfit Kappa Group Plc (LON:SKG) from a buy rating to a hold rating in a research report released on Tuesday morning. The firm currently has GBX 1,915 ($25.00) price objective on the stock, down from their previous price objective of GBX 2,350 ($30.67).

A number of other equities research analysts have also weighed in on the stock. Goldman Sachs Group Inc. restated a conviction-buy rating on shares of Smurfit Kappa Group Plc in a report on Friday, September 2nd. Deutsche Bank AG restated a buy rating and issued a GBX 2,160 ($28.19) price objective on shares of Smurfit Kappa Group Plc in a report on Friday, August 26th.

Smurfit Kappa Group Plc (LON:SKG) opened at 1682.00 on Tuesday. Smurfit Kappa Group Plc has a 12 month low of GBX 1,503.93 and a 12 month high of GBX 2,650.00. The firm’s market cap is GBX 3.94 billion. The firm has a 50 day moving average of GBX 1,859.68 and a 200-day moving average of GBX 1,813.50.

About Smurfit Kappa Group Plc

Smurfit Kappa Group plc and its subsidiaries are engaged in the manufacture of paper-based packaging products, with operations in Europe, Latin America, the United States and Canada. The Company manufactures, distributes and sells containerboard, corrugated containers and other paper-based packaging products, such as solidboard, graphic board and bag-in-box.

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