Kerry Group (LON:KYGA) Reaches New 1-Year High – Here’s What Happened

Kerry Group plc (LON:KYGA) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 89.28 and last traded at GBX 84.60, with a volume of 42380 shares traded. The stock had previously closed at GBX 84.20.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 99.

Kerry Group Price Performance

The stock has a market capitalization of £133.93 million, a price-to-earnings ratio of 0.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The company has a current ratio of 1.68, a quick ratio of 0.74 and a debt-to-equity ratio of 43.57. The stock has a 50-day simple moving average of GBX 78.31 and a 200 day simple moving average of GBX 73.73.

Insider Activity

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

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.