Kerry Group (LON:KYGA) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Kerry Group plc (LON:KYGA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 72.84 and traded as high as GBX 82.35. Kerry Group shares last traded at GBX 82.15, with a volume of 21,135 shares.

Analyst Ratings Changes

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

Kerry Group Price Performance

The company’s 50-day simple moving average is GBX 74.02 and its 200 day simple moving average is GBX 72.90. The company has a market cap of £132.39 million, a PE ratio of 0.21, a PEG ratio of 1.71 and a beta of 0.56. The company has a debt-to-equity ratio of 43.57, a quick ratio of 0.74 and a current ratio of 1.68.

Insider Activity

In related news, insider Fiona Dawson bought 2,280 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of GBX 6,514 per share, for a total transaction of £148,519.20. Insiders own 1.18% 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.