Smurfit Kappa Group plc (SKG) Earns Buy Rating from Deutsche Bank AG

Smurfit Kappa Group plc (LON:SKG)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research note issued to investors on Thursday, November 2nd. They currently have a GBX 2,650 ($34.85) price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 15.06% from the stock’s previous close.

SKG has been the topic of a number of other reports. Numis Securities Ltd boosted their target price on shares of Smurfit Kappa Group plc from GBX 2,400 ($31.57) to GBX 2,600 ($34.20) and gave the stock an “add” rating in a research report on Thursday, August 3rd. Jefferies Group LLC lifted their price target on Smurfit Kappa Group plc from GBX 2,550 ($33.54) to GBX 2,635 ($34.66) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) raised Smurfit Kappa Group plc to a “buy” rating and lifted their price target for the stock from GBX 2,600 ($34.20) to GBX 2,750 ($36.17) in a research note on Tuesday, September 12th.

Shares of Smurfit Kappa Group plc (SKG) traded up GBX 4.15 ($0.05) on Thursday, hitting GBX 2,303.15 ($30.29). 659,225 shares of the stock were exchanged, compared to its average volume of 512,982. Smurfit Kappa Group plc has a twelve month low of GBX 1,712.74 ($22.53) and a twelve month high of GBX 2,441 ($32.11).

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About Smurfit Kappa Group plc

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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