Kerry Group (LON:KYGA) Hits New 1-Year High – Should You Buy?

Kerry Group plc (LON:KYGA) reached a new 52-week high on Wednesday . The stock traded as high as GBX 89.28 and last traded at GBX 84.60, with a volume of 42380 shares changing hands. The stock had previously closed at GBX 84.20.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued 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 a consensus rating of “Buy” and a consensus price target of GBX 99.

Kerry Group Stock Performance

The stock has a market capitalization of £133.61 million, a PE ratio of 0.21, a PEG ratio of 1.71 and a beta of 0.51. The business’s 50 day moving average is GBX 78.68 and its 200 day moving average is GBX 73.89. The company has a current ratio of 1.68, a quick ratio of 0.74 and a debt-to-equity ratio of 43.57.

Insider Transactions at Kerry Group

In other news, insider Fiona Dawson acquired 2,280 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of GBX 6,514 per share, with a total value of £148,519.20. 1.19% of the stock is currently owned by 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.