Kerry Group (LON:KYGA) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Kerry Group plc (LON:KYGA)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 74.51 and traded as high as GBX 84.17. Kerry Group shares last traded at GBX 83.73, with a volume of 57,553 shares changing hands.

Wall Street Analyst Weigh In

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

Kerry Group Stock Up 0.1%

The firm has a 50 day simple moving average of GBX 80.80 and a two-hundred day simple moving average of GBX 74.58. 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 stock has a market cap of £134.04 million, a P/E ratio of 0.21, a P/E/G ratio of 1.71 and a beta of 0.52.

Insider Activity at Kerry Group

In related news, insider Fiona Dawson acquired 2,280 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of GBX 6,514 per share, for a total transaction of £148,519.20. Company insiders own 1.19% 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.