Kerry Group (LON:KYGA) Stock Passes Above 200 Day Moving Average – Here’s Why

Kerry Group plc (LON:KYGA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 74.90 and traded as high as GBX 84.42. Kerry Group shares last traded at GBX 83.84, with a volume of 22,277 shares changing hands.

Wall Street Analyst Weigh In

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

Kerry Group Price Performance

The company has a debt-to-equity ratio of 43.96, a current ratio of 1.77 and a quick ratio of 0.74. The company’s 50-day simple moving average is GBX 81.56 and its 200-day simple moving average is GBX 74.90. The stock has a market capitalization of £133.99 million, a P/E ratio of 0.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.52.

Insider Buying and Selling at Kerry Group

In other news, insider Fiona Dawson bought 2,280 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of GBX 6,514 per share, with a total value of £148,519.20. 1.19% of the stock is owned by corporate 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.