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Kerry Group (LON:KYGA) Stock Passes Below 200 Day Moving Average of $99.48

Defense World ·  Sep 9, 2022 03:21

Kerry Group plc (LON:KYGA – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 99.48 ($1.20) and traded as low as GBX 96.12 ($1.16). Kerry Group shares last traded at GBX 96.12 ($1.16), with a volume of 2,191 shares changing hands.

Analyst Ratings Changes

Separately, Barclays restated an "overweight" rating and set a £137 ($165.54) price target on shares of Kerry Group in a research report on Wednesday, July 20th.

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Kerry Group Stock Performance

The company has a market cap of £170.10 million and a P/E ratio of 22.35. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 53.39. The company's 50-day moving average is GBX 100.68 and its two-hundred day moving average is GBX 99.48.

Kerry Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 13th will be issued a dividend of €0.31 ($0.32) per share. This represents a yield of 0.31%. The ex-dividend date is Thursday, October 13th. Kerry Group's dividend payout ratio (DPR) is presently 22.14%.

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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