Kerry Group (LON:KYGA) Share Price Crosses Above 50-Day Moving Average of $3,301.56

Kerry Group PLC (LON:KYGA)’s stock price passed 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 changing hands.

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

The firm has a market capitalization of $183.71 million and a P/E ratio of 33.27. The company has a debt-to-equity ratio of 57.79, a quick ratio of 0.70 and a current ratio of 1.22. The business’s fifty day moving average price is GBX 3,301.61 and its two-hundred day moving average price is GBX 3,293.77.

The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be issued a €0.24 ($0.27) dividend. This represents a dividend yield of 0.22%. The ex-dividend date is Thursday, October 17th. Kerry Group’s dividend 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.

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