Smurfit Kappa Group PLC (NASDAQ:SMFKY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

Separately, Goldman Sachs Group, Inc. (The) raised Smurfit Kappa Group PLC from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 12th.

Shares of Smurfit Kappa Group PLC (SMFKY) traded up 0.83% during mid-day trading on Wednesday, reaching $31.60. 1,162 shares of the company traded hands. The company has a market capitalization of $7.43 billion and a P/E ratio of 15.34. Smurfit Kappa Group PLC has a 52 week low of $21.31 and a 52 week high of $33.31. The stock’s 50-day moving average is $31.19 and its 200-day moving average is $29.31.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades Smurfit Kappa Group PLC (SMFKY) to Hold” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at

Receive News & Ratings for Smurfit Kappa Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Kappa Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.