NCB Stockbrokers upgrades share price target for Kerry Group to €43

NCB Stockbrokers have increased their share price target for Kerry Group to €43 following a note to clients headed “Kerry surprises again”.

The NCB note released yesterday said the upgrade comes on the back of stronger-than-expected results in the first six months of the year.

Last week Kerry Group reported a 10% rise in sales to €2.9bn with pre-tax profits rising by 13.7% to €208.6m from €183.4m, for the six months to the end of June.