Kerry Group (OTCMKTS:KRYAY) Hits New 12-Month Low – What’s Next?

Kerry Group PLC (OTCMKTS:KRYAY) shares reached a new 52-week low on Monday . The company traded as low as $86.7050 and last traded at $86.83, with a volume of 1792 shares traded. The stock had previously closed at $89.49.

Analysts Set New Price Targets

KRYAY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Kerry Group in a report on Friday, September 12th. Finally, UBS Group reissued a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Kerry Group presently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Down 2.7%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.99. The business has a 50 day simple moving average of $90.98 and a 200-day simple moving average of $94.61.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.