Kerry Group underrated at current prices, says Davy

THE latest analysis of Kerry Group, a leading food ingredients supplier, says the Tralee, Co Kerry-based group is underrated at current prices.

Kerry this year will return to double digit earnings of 10.7%, and it will be the first time since 2002 that it moves back up into that category.

For many years up to that point the group had delivered earnings growth in double figures, driven by global expansion and the sharp focus of the group on flavourings and fat substitutes in a whole range of food and dairy products.