Berenberg Bank Increases Kerry Group (OTCMKTS:KRYAY) Price Target to €128.00

Kerry Group (OTCMKTS:KRYAY – Get Rating) had its target price increased by stock analysts at Berenberg Bank from €124.00 ($127.84) to €128.00 ($131.96) in a research note issued on Thursday, The Fly reports.

Several other brokerages also recently commented on KRYAY. JPMorgan Chase & Co. lowered their target price on Kerry Group from €150.00 ($154.64) to €135.00 ($139.18) in a research note on Monday, June 27th. Barclays boosted their price target on Kerry Group from £136 ($166.65) to £137 ($167.87) in a report on Friday, April 29th. Credit Suisse Group reduced their price target on Kerry Group from €135.00 ($139.18) to €128.00 ($131.96) and set an “outperform” rating on the stock in a report on Wednesday, April 13th. Morgan Stanley reduced their price target on Kerry Group from €127.00 ($130.93) to €122.00 ($125.77) and set an “overweight” rating on the stock in a report on Monday, April 11th. Finally, UBS Group boosted their price target on Kerry Group from €110.00 ($113.40) to €116.00 ($119.59) and gave the stock a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2,388.17.

Kerry Group Stock Performance

Shares of OTCMKTS KRYAY opened at $106.21 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.73 and a quick ratio of 1.13. Kerry Group has a 12 month low of $92.32 and a 12 month high of $150.04. The stock has a 50-day moving average price of $99.31 and a two-hundred day moving average price of $109.00.

Kerry Group Company Profile

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Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers 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.