Kerry Group (LON:KYGA) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Kerry Group plc (LON:KYGA) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 69.39 and traded as high as GBX 74.80. Kerry Group shares last traded at GBX 73.30, with a volume of 412,538 shares traded.

Analyst Ratings Changes

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

Kerry Group Stock Performance

The stock has a market cap of £118.75 million, a PE 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 current ratio of 1.68 and a quick ratio of 0.74. The business has a 50 day moving average price of GBX 69.39 and a two-hundred day moving average price of GBX 73.35.

Insider Buying and Selling

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

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.