Kerry Group (LON:KYGA) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Kerry Group plc (LON:KYGA)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 69.39 and traded as high as GBX 74.80. Kerry Group shares last traded at GBX 73.30, with a volume of 412,538 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 99 price target on shares of Kerry Group in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Kerry Group currently has a consensus rating of “Buy” and an average price target of GBX 99.

Kerry Group Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.68 and a debt-to-equity ratio of 43.57. The firm has a fifty day moving average price of GBX 69.39 and a two-hundred day moving average price of GBX 73.35. The stock has a market capitalization of £118.75 million, a P/E ratio of 0.19, a P/E/G ratio of 1.71 and a beta of 0.56.

Insider Activity at Kerry Group

In other Kerry Group news, insider Liz Hewitt acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of GBX 6,445 per share, with a total value of £32,225. 1.17% of the stock is owned by company insiders.

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.