Kerry Group plc (OTCMKTS:KRYAY – Get Rating) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 11,700 shares, a drop of 19.9% from the July 31st total of 14,600 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is presently 0.5 days.
Kerry Group Trading Down 0.9 %
Shares of KRYAY opened at $104.02 on Wednesday. The firm's 50-day simple moving average is $102.25 and its two-hundred day simple moving average is $106.64. Kerry Group has a fifty-two week low of $92.32 and a fifty-two week high of $150.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.73.
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Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. UBS Group lifted their price target on Kerry Group from €110.00 ($112.24) to €116.00 ($118.37) and gave the company a "buy" rating in a research note on Tuesday, August 2nd. Berenberg Bank lifted their price target on shares of Kerry Group from €124.00 ($126.53) to €128.00 ($130.61) in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kerry Group from €150.00 ($153.06) to €135.00 ($137.76) in a report on Monday, June 27th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $2,388.17.
About Kerry Group
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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.
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