Devro (LON:DVO) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 216.60 ($3.04).
Several research analysts have issued reports on the stock. BNP Paribas restated a “neutral” rating on shares of Devro in a research report on Thursday. Numis Securities restated a “hold” rating and issued a GBX 220 ($3.09) price target on shares of Devro in a research report on Wednesday, December 13th. Kepler Capital Markets assumed coverage on shares of Devro in a research report on Friday, December 15th. They issued a “buy” rating and a GBX 265 ($3.72) price target on the stock. Shore Capital upgraded shares of Devro to a “buy” rating in a research report on Tuesday, March 20th. Finally, 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 research report on Tuesday, February 27th.
In other news, insider Gerard Hoetmer acquired 25,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of GBX 200 ($2.81) per share, for a total transaction of £50,000 ($70,185.29).
Devro (LON:DVO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported GBX 12.50 ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 13.80 ($0.19) by GBX (1.30) (($0.02)). The business had revenue of £256.90 million during the quarter. Devro had a return on equity of 10.17% and a net margin of 4.78%.
The company also recently disclosed a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, March 29th will be given a dividend of GBX 6.10 ($0.09) per share. This represents a yield of 3.09%. This is a boost from Devro’s previous dividend of $2.70. The ex-dividend date is Thursday, March 29th.
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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