Kerry Group PLC (NASDAQ:KRYAY) Upgraded by Zacks Investment Research to Strong-Buy

Zacks Investment Research upgraded shares of Kerry Group PLC (NASDAQ:KRYAY) from a hold rating to a strong-buy rating in a report issued on Friday morning. They currently have $100.00 price objective on the stock.

According to Zacks, “Kerry Group plc provides food ingredients and flavors for the food and beverage industries. Its culinary, dairy, lipid, meat, cereal, sweet and beverage systems and flavors provide product solutions to food manufacturers and foodservice companies. It offers savory ingredients, sweet ingredients, food coating systems, nutritional systems, and specialty protein applications. It also provides prepared meals, soups sauces and dressings, savory snacks, meats, appetizers and side dishes, and dairy products, as well as cereals and bars, ice cream and frozen desserts, bakery products, and confectionery products. In addition, it provides beverage systems and flavors, including soft drinks, alcoholic and nutritional beverages, and tea and coffee products comprising cold/iced tea, cold coffee drinks, hot coffee and tea, tea and coffee mixes, chocolate, cocoa and malt beverages, coffee syrups, and cleaners. Kerry Group plc is headquartered in Tralee, Ireland. “

Kerry Group PLC (NASDAQ:KRYAY) remained flat at $86.93 during trading on Friday. Kerry Group PLC has a 52-week low of $66.21 and a 52-week high of $91.96. The stock’s 50 day moving average price is $88.87 and its 200-day moving average price is $80.10. The firm has a market capitalization of $15.30 billion and a P/E ratio of 25.16.

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About Kerry Group PLC

Kerry Group plc is a provider of taste and nutrition solutions. The Company serves the food, beverage and pharmaceutical industries, and is a supplier of branded and customer branded foods to the Irish, the United Kingdom and selected international markets. The Company operates through two segments: Taste & Nutrition, and Consumer Foods.

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