Brokers upbeat on Kerry's prospects

Kerry Group is attracting an add recommendation from Merrion Stockbrokers on the basis that there is still further potential …

Kerry Group is attracting an add recommendation from Merrion Stockbrokers on the basis that there is still further potential for good earnings growth. With 75 per cent of profits coming from food ingredients, Kerry continues to be exposed to above-average growth opportunities within the food industry. Merrion estimates the group has the potential to deliver earnings growth of between 13 per cent and 15 per cent per annum.

However, it suggests that a key risk for investors must be changes in the management team after Mr Denis Brosnan's 20-year term at the helm.