Kerry Group (OTCMKTS:KRYAY) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, "Kerry Group plc provides food ingredients and flavors for the food and beverage industries. Its culinary, dairy, lipid, meat, cereal, sweet and beverage systems and flavors provide product solutions to food manufacturers and foodservice companies. It offers savory ingredients, sweet ingredients, food coating systems, nutritional systems, and specialty protein applications. It also provides prepared meals, soups sauces and dressings, savory snacks, meats, appetizers and side dishes, and dairy products, as well as cereals and bars, ice cream and frozen desserts, bakery products, and confectionery products. In addition, it provides beverage systems and flavors, including soft drinks, alcoholic and nutritional beverages, and tea and coffee products comprising cold/iced tea, cold coffee drinks, hot coffee and tea, tea and coffee mixes, chocolate, cocoa and malt beverages, coffee syrups, and cleaners. Kerry Group plc is headquartered in Tralee, Ireland. "
KRYAY has been the topic of a number of other research reports. UBS Group restated a "buy" rating on shares of Kerry Group in a research note on Friday, April 30th. Berenberg Bank reiterated a "buy" rating on shares of Kerry Group in a research note on Tuesday. Credit Suisse Group reiterated an "outperform" rating on shares of Kerry Group in a research note on Wednesday, February 17th. JPMorgan Chase & Co. upgraded shares of Kerry Group from a "neutral" rating to an "overweight" rating in a research note on Monday, March 8th. Finally, Barclays reiterated an "overweight" rating on shares of Kerry Group in a research note on Friday, April 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of "Buy" and a consensus price target of $147.00.
Shares of Kerry Group stock opened at $131.82 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Kerry Group has a 12-month low of $106.02 and a 12-month high of $152.75. The firm has a market capitalization of $23.30 billion, a price-to-earnings ratio of 29.89 and a beta of 0.66. The firm's 50 day simple moving average is $129.85 and its two-hundred day simple moving average is $135.58.
Kerry Group Company Profile
Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers taste and nutrition solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Taste & Nutrition and Consumer Foods.
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