Smurfit Kappa Group Plc (LON:SKG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,468 ($33.22) and last traded at GBX 2,453 ($33.01), with a volume of 381107 shares traded. The stock had previously closed at GBX 2,453 ($33.01).

SKG has been the subject of several analyst reports. Goldman Sachs Group upgraded Smurfit Kappa Group to a “buy” rating and boosted their target price for the stock from GBX 2,600 ($34.99) to GBX 2,750 ($37.01) in a research report on Tuesday, September 12th. Jefferies Group boosted their price objective on Smurfit Kappa Group from GBX 2,635 ($35.46) to GBX 2,930 ($39.43) and gave the company a “buy” rating in a research report on Monday, November 27th. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,650 ($35.67) price objective on shares of Smurfit Kappa Group in a research report on Friday, October 27th. Finally, Numis Securities reiterated an “add” rating and issued a GBX 2,600 ($34.99) price objective on shares of Smurfit Kappa Group in a research report on Thursday, November 2nd.

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About Smurfit Kappa Group

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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