Smurfit Kappa Group PLC (SMFKY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Smurfit Kappa Group PLC (NASDAQ:SMFKY) from a sell rating to a hold rating in a research note released 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. “

Smurfit Kappa Group PLC (NASDAQ:SMFKY) traded up 0.02% during trading on Wednesday, reaching $26.11. 896 shares of the company’s stock were exchanged. Smurfit Kappa Group PLC has a 52 week low of $21.00 and a 52 week high of $28.12. The company’s 50 day moving average price is $26.80 and its 200-day moving average price is $24.47. The stock has a market capitalization of $6.13 billion and a price-to-earnings ratio of 13.06.

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