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Prices & Quotes - UK Markets - Smurfit Kappa Group (CDI) (SKG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 4,006.00p
Change Today:
29.00p
Market Cap:
10,376m
Sector:
General Industrials

BofA says 'buy' Mondi, cuts Smurfit and DS Smith

By Sean Farrell

Date: Monday 08 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Bank of America upgraded Mondi to 'buy' and cut Smurfit Kappa and DS Smith to 'hold' to take account of rising costs.
Containerboard prices are recovering and box demand is strong, fuelled by e-commerce, and the trend will continue, BofA analyst Alexander Berglund said.

But the cost of paper for recycling has almost doubled from 2020 and this will affect boxmakers Smurfit and DS Smith most. It will take those companies about a year to increase prices to protect margins whereas Mondi is more insulated and has greater exposure to higher containerboard prices, Berglund said.

Berglund held his price target for Smurfit shares at 39 and cut his 2021 earnings estimate by 7%, leaving the 2022 estimate unchanged. He cut DS Smith's price target to 410p from 440p and 2021 and 2022 estimates by 10% each. He cut both shares to 'neutral' from 'buy'.

Mondi should do well in an inflationary market with a more direct exposure to higher packaging prices and a more stable cost base, Berglund said. He lifted his rating to 'buy' from neutral, upped his 2021 earnings estimate by 6% and increased his price target for Mondi shares to 21 from 19.



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SKG Market Data

Currency UK Pounds
Price 4,006.00p
Change Today 29.00p
52 Week High 4,305.00p
52 Week Low 2,898.00p
Volume 227,644
Shares Issued 259.02m
Market Cap 10,376m

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SKG Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Sep-21 08-Apr-21
Paid 22-Oct-21 07-May-21
Amount 29.30¢ 87.40¢

Trades for 21-Sep-2021

Time Volume / Share Price
16:35 57 @ 4,006.00p
16:35 42,837 @ 4,006.00p
16:29 71 @ 3,994.00p
16:29 125 @ 3,991.00p
16:29 64 @ 3,989.00p

SKG Key Personnel

CEO Tony Smurfit