Kerry Group plc (OTCMKTS:KRYAY – Get Rating) reached a new 52-week low during trading on Friday . The company traded as low as $90.37 and last traded at $91.37, with a volume of 64767 shares. The stock had previously closed at $93.78.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. UBS Group increased their target price on Kerry Group from €110.00 ($112.24) to €116.00 ($118.37) and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. cut their target price on Kerry Group from €150.00 ($153.06) to €135.00 ($137.76) in a research note on Monday, June 27th. Berenberg Bank increased their target price on Kerry Group from €124.00 ($126.53) to €128.00 ($130.61) in a research note on Thursday, August 4th. Finally, Jefferies Financial Group assumed coverage on Kerry Group in a research note on Wednesday, September 14th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,388.17.
Kerry Group Stock Performance
The company has a current ratio of 1.73, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $102.79 and a 200 day moving average of $104.28.
About Kerry Group
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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