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

JPMorgan Chase & Co. upgraded shares of International Paper Company (di) (LON:IPC) to an overweight rating in a research note issued to investors on Tuesday morning,Digital Look reports. They currently have GBX 4,600 price objective on the stock, up from their prior price objective of GBX 3,200.

International Paper Company (di) Stock Down 0.5%

IPC stock opened at GBX 3,205 on Tuesday. International Paper Company has a 1 year low of GBX 2,095 and a 1 year high of GBX 4,065. The stock has a market capitalization of £16.97 billion and a price-to-earnings ratio of -4.86. The firm has a 50 day moving average of GBX 2,731.78.

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.