Devro (DVO) Stock Rating Reaffirmed by BNP Paribas

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).

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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).

Devro (LON:DVO) last announced its earnings results on Tuesday, February 27th. The company reported GBX 12.50 ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 13.80 ($0.19) by GBX (1.30) (($0.02)). Devro had a return on equity of 10.17% and a net margin of 4.78%. The firm had revenue of £256.90 million for the quarter.

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.

Analyst Recommendations for Devro (LON:DVO)

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