Devro plc (LON:DVO) has been given an average rating of “Buy” by the eight research firms that are currently covering the stock. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 306.14 ($4.00).
A number of equities research analysts have recently commented on DVO shares. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 293 ($3.82) price objective on shares of Devro plc in a research note on Tuesday, August 9th. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.31) price target on shares of Devro plc in a research note on Wednesday, August 3rd. HSBC restated a “hold” rating and set a GBX 275 ($3.59) price target on shares of Devro plc in a research note on Thursday, August 4th. Societe Generale cut their price target on Devro plc from GBX 330 ($4.31) to GBX 280 ($3.65) and set a “hold” rating for the company in a research note on Thursday, August 4th. Finally, BNP Paribas cut their price target on Devro plc from GBX 275 ($3.59) to GBX 255 ($3.33) and set a “neutral” rating for the company in a research note on Thursday, August 4th.
Devro plc (LON:DVO) traded down 4.69% during trading on Wednesday, hitting GBX 239.00. 199,021 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 236.71 and a 200-day moving average price of GBX 260.15. Devro plc has a 52-week low of GBX 218.25 and a 52-week high of GBX 320.00. The stock’s market cap is GBX 398.97 million.
The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, August 25th will be given a GBX 2.70 ($0.04) dividend. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 25th.
In other Devro plc news, insider Hoetmer ,Gerard acquired 5,000 shares of the business’s stock in a transaction on Friday, August 5th. The stock was purchased at an average price of GBX 248 ($3.24) per share, for a total transaction of £12,400 ($16,185.88).
Devro plc Company Profile
Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company operates through three segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia, and Europe, which includes Continental Europe, the United Kingdom, Ireland and Africa.
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