Kerry Group (LON:KYGA) receives overweight rating from Barclays

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Kerry Group (LON:KYGA – Get Note)The stock was given its “overweight” rating by Barclays equity researchers in a research note released on Thursday, Marketbeat Ratings reports. They currently have a price target of £136 ($176.95) on the stock.

Kerry Group shares opened Thursday at 101.80 GBX ($1.32). Kerry Group has a 12-month low of 86.84 GBX ($1.13) and a 12-month high of 130 GBX ($1.69). The company has a fifty-day moving average of 102.64 GBX and a two-hundred-day moving average of 109.55 GBX. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt ratio of 57.09. The company has a market capitalization of £180.03 million and a P/E ratio of 23.69.

Separately, insider Marguerite Larkin purchased 2,835 shares of the company in a trade that took place on Friday, February 25. The shares were purchased at an average cost of £105 ($136.61) per share, for a total value of £297,675 ($387,295.08).

About Kerry Group (Get an assessment)

Kerry Group plc, together with its subsidiaries, develops, manufactures and supplies taste and nutrition solutions for the food, beverage and pharmaceutical industries in Europe, the Middle East, Africa, America and Asia-Pacific. The Company operates in two segments, Taste & Nutrition and Consumer Foods.

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