Kerry Group (LON:KYGA) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Kerry Group plc (LON:KYGA)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 73.55 and traded as low as GBX 72. Kerry Group shares last traded at GBX 72.70, with a volume of 268,684 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 99 price target on shares of Kerry Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 99.

Kerry Group Trading Up 0.0%

The company has a 50 day moving average price of GBX 68.97 and a 200 day moving average price of GBX 73.48. The firm has a market cap of £120.56 million, a price-to-earnings ratio of 0.19, a price-to-earnings-growth 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 at Kerry Group

In other Kerry Group news, insider Liz Hewitt purchased 500 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were acquired at an average price of GBX 6,445 per share, with a total value of £32,225. 1.17% of the stock is currently owned by company insiders.

Kerry Group Company Profile

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.