Kerry Group (LON:KYGA) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Kerry Group plc (LON:KYGA) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.05 and traded as low as GBX 71.95. Kerry Group shares last traded at GBX 72.20, with a volume of 23,355 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 99 price objective on shares of Kerry Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 99.

Kerry Group Stock Performance

The company has a market capitalization of £115.39 million, a PE ratio of 0.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56. The company has a current ratio of 1.68, a quick ratio of 0.74 and a debt-to-equity ratio of 43.57. The business’s fifty day moving average is GBX 70.39 and its two-hundred day moving average is GBX 73.

Insider Activity at Kerry Group

In other Kerry Group news, insider Liz Hewitt purchased 500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of GBX 6,445 per share, for a total transaction of £32,225. Insiders own 1.17% of the company’s stock.

About Kerry Group

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases. It operates in Ireland, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.