Kerry Group (LON:KYGA) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Kerry Group plc (LON:KYGA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.12 and traded as high as GBX 84.40. Kerry Group shares last traded at GBX 83.52, with a volume of 14,917 shares traded.

Analyst Ratings Changes

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

Kerry Group Stock Performance

The company has a debt-to-equity ratio of 43.96, a quick ratio of 0.74 and a current ratio of 1.77. The firm has a market capitalization of £132.76 million, a PE ratio of 0.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The firm’s 50 day moving average price is GBX 79.72 and its 200-day moving average price is GBX 74.24.

Insiders Place Their Bets

In other Kerry Group news, insider Fiona Dawson purchased 2,280 shares of Kerry Group stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of GBX 6,514 per share, with a total value of £148,519.20. Insiders own 1.19% of the company’s stock.

Kerry Group Company Profile

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.