Kerry Group (LON:KYGA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Kerry Group plc (LON:KYGA) shares crossed 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 changing hands.

Analyst Ratings Changes

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

Kerry Group Price Performance

The company has a current ratio of 1.68, a quick ratio of 0.74 and a debt-to-equity ratio of 43.57. The company has a market capitalization of £118.35 million, a P/E ratio of 0.19, a P/E/G ratio of 1.71 and a beta of 0.56. The business’s fifty day moving average price is GBX 68.77 and its 200-day moving average price is GBX 73.55.

Insider Activity

In related news, insider Liz Hewitt acquired 500 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of GBX 6,445 per share, with a total value of £32,225. Corporate insiders own 1.17% of the company’s stock.

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.