Kerry unlikely to go on a shopping spree

KERRY Group is unlikely to embark on a single major acquisition in the foreseeable future analysts have concluded in the aftermath of its recent six month results.

Goodbody Stockbrokers remain positive about the company however and still see the shares at a buy with a price target of 17 from their present level of 14.65 and a year high of 16.67.

Kerry’s own broker, Davy Stockbrokers expect the shares to outperform the market and see them as a good investment.