KERRY GROUP SHARES REACH ALL-TIME HIGH

SHARES in Kerry Group have surged upwards in recent months and just last week the Tralee based multinational food and ingredients giant hit an all time high on the Irish Stock Exchange.

ISEQ trading figures show that, after months of steady and almost constant upward growth, shares in Kerry Group hit a peak of €94.05 on Monday January 8 and though they fell in subsequent days the shares are still worth well above the €86 mark.

This recent and consistent surge has seen ISEQ share prices in the global food giant soar by around 60 per cent since mid October 2014.

Kerry share prices are currently in the top three of the 57 companies that trade on the ISEQ with Kerry shares moving at prices that are only slightly behind similar Swiss food multinational Arytza AG and betting giants Paddy Power.

Kerry Group’s recent share surge comes on the back of an already successful year with shares hovering at around €82 to €84 for most of the year.

Last week’s share price milestone is a notable landmark for the company which first went public in October 1986 with an initial share offering of 52p per share, roughly the equivalent of about €2 today.

Since that initial flotation almost 30 years ago Kerry Group has performed consistently well on the Irish market with only mild downward fluctuations set against an overall trend that has been steadily upwards.

The company fared relatively well during the global financial crisis. Kerry Group avoided the huge boom years spike and the subsequent massive fall seen by many companies and in the overall ISEQ market over the last decade.