International Paper Company (di) (LON:IPC) Upgraded at JPMorgan Chase & Co.

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

International Paper Company (di) Stock Performance

Shares of IPC opened at GBX 3,253.63 on Tuesday. The stock has a market cap of £17.23 billion and a price-to-earnings ratio of -4.93. 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 of GBX 2,671.88.

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.