Kerry Group PLC (OTCMKTS:KRYAY) Given Average Rating of “Moderate Buy” by Brokerages

Kerry Group PLC (OTCMKTS:KRYAY) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

KRYAY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Kerry Group to a “strong-buy” rating in a research report on Thursday, August 20th. Citigroup reissued a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Sanford C. Bernstein began coverage on shares of Kerry Group in a research report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a report on Thursday, July 30th.

Institutional Trading of Kerry Group

An institutional investor recently raised its position in Kerry Group stock. Madison Asset Management LLC increased its stake in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 at the end of the most recent reporting period. Institutional investors own 0.22% of the company’s stock.

Kerry Group Trading Up 0.9%

OTCMKTS KRYAY opened at $97.92 on Thursday. The firm has a 50-day moving average price of $96.27 and a two-hundred day moving average price of $88.00. Kerry Group has a 12-month low of $74.48 and a 12-month high of $100.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

Kerry Group Company Profile

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving the global food, beverage and pharmaceutical industries. Its Taste & Nutrition business develops ingredients and solutions designed to improve the flavor, texture, nutrition, shelf life and functionality of products, including savory and sweet flavor systems, beverages, dairy alternatives, nutritional products, food protection solutions and probiotics.

The company supplies ingredients and applications to food and beverage manufacturers, as well as to pharmaceutical and other consumer industries.