Smurfit Kappa Group (LON:SKG) Stock Price Crosses Below Two Hundred Day Moving Average of $6,426.24

Smurfit Kappa Group Plc (LON:SKG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,426.24 ($83.96) and traded as low as GBX 4,066 ($53.12). Smurfit Kappa Group shares last traded at GBX 4,090 ($53.44), with a volume of 228,044 shares changing hands.

Several research firms have recently commented on SKG. Numis Securities reissued an “add” rating and issued a GBX 4,200 ($54.87) price objective on shares of Smurfit Kappa Group in a report on Tuesday, June 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,100 ($53.57) price objective on shares of Smurfit Kappa Group in a report on Wednesday, July 28th. Finally, JPMorgan Chase & Co. increased their price objective on Smurfit Kappa Group from GBX 4,623 ($60.40) to GBX 4,761 ($62.20) and gave the company an “overweight” rating in a report on Thursday, July 29th.

The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 79.57. The stock has a market cap of £10.59 billion and a P/E ratio of 20.91. The firm has a 50-day simple moving average of GBX 4,107.76 and a two-hundred day simple moving average of GBX 6,426.24.

The company also recently disclosed a dividend, which will be paid on Friday, October 22nd. Shareholders of record on Thursday, September 23rd will be given a dividend of €0.29 ($0.34) per share. This represents a yield of 0.62%. The ex-dividend date is Thursday, September 23rd. Smurfit Kappa Group’s payout ratio is 1.00%.

About Smurfit Kappa Group (LON:SKG)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates in two segments, Europe and the Americas. The company offers consumer, retail, industrial, ecommerce, heavy-duty corrugated, and hexacomb packaging products, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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