Smurfit Kappa Group (LON:SKG) Share Price Crosses Above Two Hundred Day Moving Average of $3,080.66

Smurfit Kappa Group Plc (LON:SKG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target 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 Up 0.8 %

The company has a debt-to-equity ratio of 67.19, a quick ratio of 1.04 and a current ratio of 1.51. The stock has a market capitalization of £9.02 billion, a price-to-earnings ratio of 1,381.60 and a beta of 0.93. The firm’s fifty day simple moving average is GBX 3,427.69 and its 200 day simple moving average is GBX 3,080.66.

Smurfit Kappa Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders 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. This represents a yield of 3.52%. The ex-dividend date is Thursday, April 11th. 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.