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

Smurfit Kappa Group Plc (LON:SKG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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. cut their price objective on Smurfit Kappa Group from GBX 3,500 ($43.23) to GBX 3,400 ($42.00) and set an “overweight” rating on the stock in a 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 firm’s 50-day moving average price is GBX 3,467.57 and its two-hundred day moving average price is GBX 3,115.69. The firm has a market cap of £8.95 billion, a PE ratio of 1,371.20 and a beta of 0.93.

Smurfit Kappa Group Increases Dividend

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