Avon Rubber (AVON) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Avon Rubber (LON:AVON) in a research note published on Tuesday morning.

Other equities analysts have also issued research reports about the company. Jefferies Group increased their target price on Avon Rubber from GBX 1,315 ($18.46) to GBX 1,405 ($19.72) and gave the stock a buy rating in a research note on Thursday, February 22nd. N+1 Singer reiterated a buy rating and set a GBX 1,170 ($16.42) target price on shares of Avon Rubber in a research note on Wednesday, December 6th.

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LON:AVON opened at GBX 1,320 ($18.53) on Tuesday. Avon Rubber has a 12-month low of GBX 885 ($12.42) and a 12-month high of GBX 1,325 ($18.60).

In other news, insider Petrus R. M. Vervaat bought 967 shares of the stock in a transaction dated Monday, January 8th. The shares were bought at an average price of GBX 1,200 ($16.84) per share, for a total transaction of £11,604 ($16,288.60). Also, insider David Evans bought 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of GBX 1,175 ($16.49) per share, for a total transaction of £117,500 ($164,935.43). In the last quarter, insiders have bought 11,004 shares of company stock worth $12,956,341.

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Avon Rubber Company Profile

Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, homeland security, first responder, fire, and industrial markets worldwide. It operates through two segments, Protection and Dairy. The company offers respirators or gas masks with a range of spares and accessories; emergency hoods; rebreathers for escape and underwater use; self-contained breathing apparatus; consumable filters and thermal imaging camera equipment; and fuel and water storage tanks to military forces, civil and first line defense troops, and emergency service teams, as well as industrial, marine, mineral, and oil extraction site personnel.

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