Zacks Investment Research Downgrades Smurfit Kappa Group PLC (SMFKY) to Hold
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.
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