Devro (DVO) Given Consensus Recommendation of “Hold” by Brokerages

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.

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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 stock opened at GBX 199.80 ($2.80) on Monday. 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 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.

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About Devro

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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