Smurfit Kappa Group (OTCMKTS:SMFKY) Hits New 52-Week Low at $33.13

Smurfit Kappa Group Plc (OTCMKTS:SMFKYGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $33.13 and last traded at $33.44, with a volume of 27107 shares trading hands. The stock had previously closed at $34.29.

SMFKY has been the topic of several analyst reports. Credit Suisse Group cut their target price on Smurfit Kappa Group from €60.00 ($63.16) to €55.00 ($57.89) in a research note on Tuesday, April 12th. JPMorgan Chase & Co. cut their target price on Smurfit Kappa Group from €57.18 ($60.19) to €56.03 ($58.98) and set an “overweight” rating on the stock in a research note on Tuesday, May 3rd. Finally, Jefferies Financial Group upgraded Smurfit Kappa Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.52.

The company has a current ratio of 1.44, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $39.60 and a two-hundred day moving average price of $46.60.

The firm also recently declared a dividend, which was paid on Monday, May 23rd. Stockholders of record on Friday, April 8th were paid a dividend of $0.767 per share. The ex-dividend date was Thursday, April 7th. This represents a dividend yield of 2.21%.

About Smurfit Kappa Group (OTCMKTS:SMFKY)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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