Devro plc (LON:DVO) Receives Consensus Recommendation of “Buy” from Analysts
Devro plc (LON:DVO) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 306.14 ($4.00).
Several brokerages have issued reports on DVO. HSBC reaffirmed a “hold” rating and issued a GBX 275 ($3.59) target price on shares of Devro plc in a report on Thursday, August 4th. BNP Paribas decreased their target price on shares of Devro plc from GBX 275 ($3.59) to GBX 255 ($3.33) and set a “neutral” rating for the company in a report on Thursday, August 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 330 ($4.31) target price on shares of Devro plc in a report on Wednesday, August 3rd. Societe Generale decreased their target price on shares of Devro plc from GBX 330 ($4.31) to GBX 280 ($3.65) and set a “hold” rating for the company in a report on Thursday, August 4th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 293 ($3.82) target price on shares of Devro plc in a report on Tuesday, August 9th.
Shares of Devro plc (LON:DVO) traded down 4.69% during mid-day trading on Wednesday, hitting GBX 239.00. 199,021 shares of the company were exchanged. The company has a 50 day moving average of GBX 236.71 and a 200 day moving average of GBX 260.15. Devro plc has a 52 week low of GBX 218.25 and a 52 week high of GBX 320.00. The company’s market capitalization is GBX 398.97 million.
The business also recently declared a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, August 25th will be paid a GBX 2.70 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a dividend yield of 1.05%.
In related news, insider Hoetmer ,Gerard purchased 5,000 shares of Devro plc stock in a transaction dated Friday, August 5th. The stock was purchased at an average cost of GBX 248 ($3.24) per share, for a total transaction of £12,400 ($16,185.88).
About Devro plc
Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company operates through three segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia, and Europe, which includes Continental Europe, the United Kingdom, Ireland and Africa.
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