Kerry Group (OTCMKTS:KRYAY) Price Target Lowered to €122.00 at Morgan Stanley

Kerry Group (OTCMKTS:KRYAYGet Rating) had its price target dropped by equities research analysts at Morgan Stanley from €127.00 ($139.56) to €122.00 ($134.07) in a research note issued to investors on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays raised their target price on shares of Kerry Group from €135.00 ($148.35) to €136.00 ($149.45) and gave the company an “overweight” rating in a research note on Thursday, February 17th. UBS Group cut their target price on shares of Kerry Group from €125.00 ($137.36) to €115.00 ($126.37) and set a “buy” rating for the company in a research report on Monday, April 4th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $130.00.

Kerry Group stock traded up $0.79 during midday trading on Monday, hitting $114.10. 12,800 shares of the company’s stock were exchanged, compared to its average volume of 20,218. The stock has a 50-day moving average price of $116.52 and a two-hundred day moving average price of $125.88. Kerry Group has a 52-week low of $101.55 and a 52-week high of $153.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.13.

Kerry Group Company Profile (Get Rating)

Kerry Group Plc engages in the manufacturing and distribution of food and beverages. It operates through the following segments: Taste & Nutrition; and Consumer Foods. The Taste & Nutrition segment manufactures and distributes an innovative portfolio of taste & nutrition solutions and functional ingredients & actives for the global food, beverage and pharmaceutical industries.

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