Kerry Group (LON:KYGA) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Kerry Group plc (LON:KYGA) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.05 and traded as low as GBX 71.95. Kerry Group shares last traded at GBX 72.20, with a volume of 23,355 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 99 price objective on shares of Kerry Group in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 99.

Kerry Group Price Performance

The stock has a fifty day moving average of GBX 70.13 and a 200-day moving average of GBX 73.05. The company has a quick ratio of 0.74, a current ratio of 1.68 and a debt-to-equity ratio of 43.57. The firm has a market capitalization of £115.39 million, a P/E ratio of 0.18, a PEG ratio of 1.71 and a beta of 0.56.

Insider Activity

In other Kerry Group news, insider Liz Hewitt purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of GBX 6,445 per share, with a total value of £32,225. 1.17% of the stock is owned by corporate insiders.

About Kerry Group

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.