Smurfit Kappa Group (LON:SKG) Hits New 1-Year High at $3,690.48

Smurfit Kappa Group Plc (LON:SKG - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 3,690.48 ($46.36) and last traded at GBX 3,682 ($46.25), with a volume of 1965524 shares traded. The stock had previously closed at GBX 3,474 ($43.64).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on shares of Smurfit Kappa Group from GBX 3,500 ($43.96) to GBX 3,400 ($42.71) and set an "overweight" rating on the stock in a research note on Wednesday, January 31st.

Smurfit Kappa Group Stock Up 5.8 %

The company's 50 day moving average price is GBX 3,489.85 and its two-hundred day moving average price is GBX 3,137.34. The firm has a market cap of £9.59 billion, a PE ratio of 1,475.50 and a beta of 0.94. The company has a current ratio of 1.51, a quick ratio of 1.04 and a debt-to-equity ratio of 67.19.

Smurfit Kappa Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 11th will be paid a dividend of €1.18 ($1.27) per share. This is a boost from Smurfit Kappa Group's previous dividend of $0.34. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.52%. Smurfit Kappa Group's payout ratio is 5,261.04%.

About Smurfit Kappa Group

Smurfit Kappa Group Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland, Germany, France, Mexico, rest of Europe, and other Americas. The company offers e-commerce, retail, consumer, industrial, bottle, protective, heavy-duty, hexacomb, and various punnet packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a packaging system that comprises films, accessories, bags, taps, and boxes.