Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $95.85 and traded as high as $98.4470. Kerry Group shares last traded at $97.70, with a volume of 3,326 shares.
Analyst Ratings Changes
A number of research firms recently weighed in on KRYAY. Citigroup reaffirmed a "neutral" rating on shares of Kerry Group in a report on Thursday, July 30th. The Goldman Sachs Group upgraded Kerry Group to a "strong-buy" rating in a report on Thursday, August 20th. Sanford C. Bernstein assumed coverage on shares of Kerry Group in a research report on Wednesday, July 22nd. They set an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kerry Group in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kerry Group presently has an average rating of "Moderate Buy".
View Our Latest Research Report on KRYAY
Kerry Group Trading Down 0.4%
The business's fifty day moving average is $95.85 and its 200 day moving average is $87.55. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.
Institutional Investors Weigh In On Kerry Group
A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC grew its stake in Kerry Group PLC (OTCMKTS:KRYAY - Free Report) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,751 shares of the company's stock after acquiring an additional 113 shares during the period. Madison Asset Management LLC's holdings in Kerry Group were worth $2,922,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.22% of the company's stock.
About Kerry Group
(
Get Free Report)
Kerry Group OTCMKTS: KRYAY is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry's offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.
Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.
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