Kerry Group (LON:KYGA) Shares Cross Above 200-Day Moving Average – Should You Sell?

Kerry Group plc (LON:KYGA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 72.84 and traded as high as GBX 82.35. Kerry Group shares last traded at GBX 82.15, with a volume of 21,135 shares trading hands.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 99.

Kerry Group Trading Up 2.7%

The company’s 50 day simple moving average is GBX 73.73 and its 200-day simple moving average is GBX 72.84. The firm has a market cap of £131.30 million, a P/E ratio of 0.21, a P/E/G ratio of 1.71 and a beta of 0.56. The company has a quick ratio of 0.74, a current ratio of 1.68 and a debt-to-equity ratio of 43.57.

Insider Transactions at Kerry Group

In other news, insider Fiona Dawson purchased 2,280 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of GBX 6,514 per share, with a total value of £148,519.20. 1.18% of the stock is currently owned by company 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.