Kerry Group PLC (OTCMKTS:KRYAY – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $105.33, but opened at $111.67. Kerry Group shares last traded at $111.67, with a volume of 455 shares.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on KRYAY. Citigroup upgraded Kerry Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th. The Goldman Sachs Group upgraded Kerry Group to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein began coverage on shares of Kerry Group in a research note on Wednesday, July 22nd. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Research Report on Kerry Group
Kerry Group Stock Down 1.4%
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.77 and a quick ratio of 1.14. The firm’s 50-day simple moving average is $98.81 and its two-hundred day simple moving average is $91.90.
Institutional Trading of Kerry Group
An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC raised its position in Kerry Group PLC (OTCMKTS:KRYAY – Free Report) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the period. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent filing with the SEC. 0.22% of the stock is owned by institutional investors.
Kerry Group Company Profile
Kerry Group plc is an Ireland-based food ingredients and consumer products company serving food, beverage and pharmaceutical manufacturers worldwide. Its ingredients business develops taste, nutrition and functional solutions used in products such as beverages, baked goods, dairy products, meat and meat alternatives, snacks and prepared foods.
The company also produces branded consumer foods, with a focus on markets including Ireland and the United Kingdom. Its product portfolio has included chilled and convenience foods, dairy products, meal solutions and other everyday food products.
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