Kerry Group (LON:KYGA) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Kerry Group plc (LON:KYGA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.12 and traded as high as GBX 84.40. Kerry Group shares last traded at GBX 83.52, with a volume of 14,917 shares trading hands.

Analysts Set New Price Targets

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

Kerry Group Trading Down 0.4%

The company has a quick ratio of 0.74, a current ratio of 1.77 and a debt-to-equity ratio of 43.96. The stock has a market capitalization of £133.14 million, a PE ratio of 0.21, a PEG ratio of 1.71 and a beta of 0.57. The business’s 50-day moving average is GBX 79.32 and its two-hundred day moving average is GBX 74.12.

Insider Activity at Kerry Group

In other news, insider Fiona Dawson bought 2,280 shares of Kerry Group stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of GBX 6,514 per share, with a total value 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.