Brokers upgrade Kerry after strong results

KERRY Group shares are undervalued with a potential 17.5% upside over the next 12 months Merrion Stockbrokers said last night.

Brokers upgrade Kerry after strong results
Thu, 04 Sep, 2003 - 01:00
Conor Keane, Business Correspondent

Stockbrokers moved fast yesterday to upgrade their ratings on Kerry Group after the company turned in impressive returns for the first half of the year.

Merrion analyst Niamh Brodie put a 12-month price target of17 on the shares which traded at 14.47 yesterday.

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CourtsPerson: KerryPerson: Niamh BrodiePerson: BrodiePerson: DavyPerson: John O’ReillyPerson: O’ReillyOrganisation: Kerry GroupOrganisation: Merrion
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