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Kerry Group (OTCMKTS:KRYAY) Sets New 12-Month Low - Here's What Happened

Kerry Group logo with Consumer Staples background

Key Points

  • Kerry Group PLC reached a new 12-month low, trading at $87.85, down from a previous close of $89.15, with a volume of 14,696 shares.
  • Despite the drop in stock price, analysts maintain a generally positive outlook, with an average rating of "Buy" from several firms including Jefferies and Deutsche Bank.
  • The company announced a dividend of $0.4656 per share, with a yield of 159.0%, scheduled for payout on November 17th to investors of record as of October 13th.
  • MarketBeat previews top five stocks to own in November.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $87.85 and last traded at $89.04, with a volume of 14696 shares. The stock had previously closed at $89.15.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group reissued a "buy" rating on shares of Kerry Group in a research report on Friday, September 12th. UBS Group reissued a "neutral" rating on shares of Kerry Group in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Kerry Group in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Kerry Group currently has an average rating of "Buy".

View Our Latest Report on KRYAY

Kerry Group Trading Down 0.1%

The business's fifty day moving average price is $92.21 and its 200-day moving average price is $101.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.99.

Kerry Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 13th will be given a dividend of $0.4656 per share. This represents a yield of 159.0%. The ex-dividend date is Friday, October 10th.

About Kerry Group

(Get Free Report)

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.

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