Kerry Group (LON:KYGA) Share Price Passes Above Fifty Day Moving Average of $3,301.56

Kerry Group PLC (LON:KYGA)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3,301.56 and traded as high as $108.50. Kerry Group shares last traded at $108.10, with a volume of 24,377 shares traded.

Separately, Barclays lifted their target price on Kerry Group from GBX 105 ($1.37) to GBX 110 ($1.44) and gave the company an “equal weight” rating in a research note on Friday, August 9th.

The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt-to-equity ratio of 57.79. The stock’s 50 day moving average is GBX 3,301.61 and its 200-day moving average is GBX 3,293.77. The company has a market cap of $192.18 million and a PE ratio of 34.80.

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be paid a €0.24 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 0.22%. Kerry Group’s payout ratio is currently 23.33%.

About Kerry Group (LON:KYGA)

Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers technology based 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.

Further Reading: Net Margin

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