Davy Research

Paper & Packaging

Upgrading forecasts to reflect better pricing and volume environment
Paper & Packaging
Mondi | DS Smith | Smurfit Kappa Group

DAVY VIEW

The fundamentals of the European packaging sector are as positive as they have been for years. Strong box demand and rising prices will continue to drive earnings upgrades for all three quoted players. Sector valuations are not stretched given this positive outlook. Smurfit Kappa Group (SKG) remains our top pick given the strength of its cash flow and compelling valuation.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • DS Smith

    Closing Price: 49460p

  • RATING 12/02/16

  • PREVIOUS RATING 19/06/12

    Underperform

  • Mondi

    Closing Price: 2198p

  • RATING 19/06/12

  • PREVIOUS RATING N/A

  • Smurfit Kappa Group

    Closing Price: 2420c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

Analyst(S)

Paper & Packaging

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