Devro (LON:DVO)‘s stock had its “neutral” rating restated by BNP Paribas in a research note issued on Thursday.
A number of other equities analysts have also weighed in on DVO. Numis Securities reiterated a “hold” rating and issued a GBX 220 ($3.09) price target on shares of Devro in a report on Wednesday, December 13th. Shore Capital upgraded shares of Devro to a “buy” rating in a report on Tuesday, March 20th. Kepler Capital Markets began coverage on shares of Devro in a report on Friday, December 15th. They issued a “buy” rating and a GBX 265 ($3.72) price target on the stock. Peel Hunt decreased their price target on shares of Devro from GBX 220 ($3.09) to GBX 200 ($2.81) and set a “hold” rating on the stock in a report on Tuesday, February 27th. Finally, Berenberg Bank upgraded shares of Devro to a “hold” rating and decreased their price target for the company from GBX 199 ($2.79) to GBX 198 ($2.78) in a report on Thursday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 216.60 ($3.04).
Shares of LON DVO opened at GBX 199.80 ($2.80) on Thursday. Devro has a 1 year low of GBX 175 ($2.46) and a 1 year high of GBX 247 ($3.47).
In related news, insider Gerard Hoetmer purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of GBX 200 ($2.81) per share, for a total transaction of £50,000 ($70,185.29).
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Devro Company Profile
Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors under the Devro, Cutisin, Edicol, and Ralex names.
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