Kerry Group plc (OTCMKTS:KRYAY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Kerry Group plc (OTCMKTS:KRYAYGet Rating) have been given a consensus rating of “Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $125.25.

Several equities research analysts recently weighed in on the company. Credit Suisse Group decreased their price target on Kerry Group from €135.00 ($145.16) to €128.00 ($137.63) and set an “outperform” rating for the company in a report on Wednesday, April 13th. Morgan Stanley cut their price objective on Kerry Group from €127.00 ($136.56) to €122.00 ($131.18) and set an “overweight” rating for the company in a research report on Monday, April 11th. Barclays increased their price objective on Kerry Group from €135.00 ($145.16) to €136.00 ($146.24) and gave the stock an “overweight” rating in a research report on Thursday, February 17th. Finally, UBS Group cut their price objective on Kerry Group from €125.00 ($134.41) to €115.00 ($123.66) and set a “buy” rating for the company in a research report on Monday, April 4th.

Shares of OTCMKTS KRYAY traded down $0.14 during mid-day trading on Tuesday, hitting $110.28. 13,673 shares of the company were exchanged, compared to its average volume of 19,279. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $113.55 and a 200-day simple moving average of $123.79. Kerry Group has a 1-year low of $101.55 and a 1-year high of $153.37.

The company also recently declared a dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 8th will be given a $0.716 dividend. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, April 7th.

About Kerry Group (Get Rating)

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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Analyst Recommendations for Kerry Group (OTCMKTS:KRYAY)

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