Barclays Sticks to Their Buy Rating for Smurfit Kappa (SKG)

Barclays analyst Gaurav Jain maintained a Buy rating on Smurfit Kappa (SKG – Research Report) today. The company’s shares closed last Friday at p3,530.00.

Jain covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Philip Morris, and Japan Tobacco. According to TipRanks, Jain has an average return of 7.0% and a 57.14% success rate on recommended stocks.

Currently, the analyst consensus on Smurfit Kappa is a Strong Buy with an average price target of p4,059.19.

The company has a one-year high of p3,910.00 and a one-year low of p2,457.57. Currently, Smurfit Kappa has an average volume of 782.9K.

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Smurfit Kappa (SKG) Company Description:

Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company’s plants where it is converted into corrugated packaging products. The packaging products include solidboard, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of revenue. The Americas segment owns forestland in Latin America where Smurfit Kappa harvests timber for its mills.