Kerry Group (LON:KYGA) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Kerry Group plc (LON:KYGA) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 73.05 and traded as low as GBX 71.95. Kerry Group shares last traded at GBX 72.20, with a volume of 23,355 shares traded.

Analysts Set New Price Targets

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

Kerry Group Price Performance

The company has a debt-to-equity ratio of 43.57, a quick ratio of 0.74 and a current ratio of 1.68. The company has a 50-day moving average price of GBX 70.13 and a 200-day moving average price of GBX 73.05. The company has a market capitalization of £115.39 million, a price-to-earnings ratio of 0.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56.

Insider Activity

In other Kerry Group news, insider Liz Hewitt acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of GBX 6,445 per share, for a total transaction 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.