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

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

Wall Street Analyst Weigh In

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

View Our Latest Report on Kerry Group

Kerry Group Stock Down 0.5%

The company has a debt-to-equity ratio of 43.57, a quick ratio of 0.74 and a current ratio of 1.68. The stock’s fifty day simple moving average is GBX 78.31 and its two-hundred day simple moving average is GBX 73.73. The company has a market capitalization of £133.93 million, a price-to-earnings ratio of 0.21, a P/E/G ratio of 1.71 and a beta of 0.57.

Insiders Place Their Bets

In other Kerry Group news, insider Fiona Dawson purchased 2,280 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of GBX 6,514 per share, for a total transaction of £148,519.20. Insiders own 1.19% of the company’s stock.

About Kerry Group

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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.

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