International Paper Company (di) (LON:IPC) Rating Increased to Overweight at JPMorgan Chase & Co.

International Paper Company (di) (LON:IPCGet Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Tuesday,Digital Look reports. The firm currently has a GBX 4,600 price target on the stock, up from their prior price target of GBX 3,200. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 41.38% from the stock’s current price.

International Paper Company (di) Price Performance

Shares of IPC opened at GBX 3,253.63 on Tuesday. International Paper Company has a 12-month low of GBX 2,095 and a 12-month high of GBX 4,215. The firm has a 50-day moving average price of GBX 2,671.88. The stock has a market capitalization of £17.23 billion and a price-to-earnings ratio of -4.93.

International Paper Company is a global manufacturer of renewable fiber-based products, principally known for producing containerboard, corrugated packaging, pulp and other paper-based materials used in industrial and consumer markets. Headquartered in Memphis, Tennessee, the company traces its origins to the late 19th century and has long been a major supplier of packaging materials and pulp used by converters, manufacturers and retailers.

The company’s operations focus on the production and sale of containerboard and corrugated packaging solutions, as well as market cellulose fibers and pulp that serve a range of end markets including consumer goods, e-commerce, food and beverage, and industrial customers.

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