Kerry Group PLC (OTCMKTS:KRYAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kerry Group PLC (OTCMKTS:KRYAY) have received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages recently commented on KRYAY. Sanford C. Bernstein began coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating on the stock. The Goldman Sachs Group upgraded Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research note on Thursday, July 30th. Finally, Citigroup reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th.

Kerry Group Trading Down 0.0%

Shares of KRYAY opened at $98.01 on Thursday. The company’s fifty day simple moving average is $96.33 and its 200-day simple moving average is $88.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10. Kerry Group has a twelve month low of $74.48 and a twelve month high of $100.38.

Institutional Trading of Kerry Group

A hedge fund recently raised its position in Kerry Group stock. Madison Asset Management LLC grew its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. 0.22% of the stock is owned by institutional investors.

About Kerry Group

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving the global food, beverage and pharmaceutical industries. Its Taste & Nutrition business develops ingredients and solutions designed to improve the flavor, texture, nutrition, shelf life and functionality of products, including savory and sweet flavor systems, beverages, dairy alternatives, nutritional products, food protection solutions and probiotics.

The company supplies ingredients and applications to food and beverage manufacturers, as well as to pharmaceutical and other consumer industries.