Kerry Group PLC (OTCMKTS:KRYAY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kerry Group PLC (OTCMKTS:KRYAY) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages recently weighed in on KRYAY. Citigroup restated a “neutral” rating on shares of Kerry Group in a research report on Thursday, July 30th. Sanford C. Bernstein assumed coverage on Kerry Group in a research note on Wednesday, July 22nd. They set an “outperform” rating for the company. The Goldman Sachs Group raised shares of Kerry Group to a “strong-buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th.

Kerry Group Trading Up 1.6%

Shares of KRYAY stock opened at $98.38 on Friday. Kerry Group has a fifty-two week low of $74.48 and a fifty-two week high of $99.03. The stock’s fifty day moving average price is $93.74 and its two-hundred day moving average price is $87.03. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

Institutional Trading of Kerry Group

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC grew its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,751 shares of the company’s stock after buying an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. 0.22% of the stock is owned by hedge funds and other institutional investors.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.