Kerry Group PLC (KRYAY) Raised to Buy at Zacks Investment Research
Kerry Group PLC (NASDAQ:KRYAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $106.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.35% from the stock’s current price.
According to Zacks, “Kerry Group plc provides food ingredients and flavors for the food and beverage industries. Its culinary, dairy, lipid, meat, cereal, sweet and beverage systems and flavors provide product solutions to food manufacturers and foodservice companies. It offers savory ingredients, sweet ingredients, food coating systems, nutritional systems, and specialty protein applications. It also provides prepared meals, soups sauces and dressings, savory snacks, meats, appetizers and side dishes, and dairy products, as well as cereals and bars, ice cream and frozen desserts, bakery products, and confectionery products. In addition, it provides beverage systems and flavors, including soft drinks, alcoholic and nutritional beverages, and tea and coffee products comprising cold/iced tea, cold coffee drinks, hot coffee and tea, tea and coffee mixes, chocolate, cocoa and malt beverages, coffee syrups, and cleaners. Kerry Group plc is headquartered in Tralee, Ireland. “
Shares of Kerry Group PLC (NASDAQ:KRYAY) opened at 94.35 on Friday. The firm has a market cap of $16.62 billion and a PE ratio of 26.56. Kerry Group PLC has a 52 week low of $66.21 and a 52 week high of $96.03. The company’s 50-day moving average is $92.08 and its 200-day moving average is $86.20.
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Kerry Group PLC Company Profile
Kerry Group plc is a provider of taste and nutrition solutions. The Company serves the food, beverage and pharmaceutical industries, and is a supplier of branded and customer branded foods to the Irish, the United Kingdom and selected international markets. The Company operates through two segments: Taste & Nutrition, and Consumer Foods.
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