BNP Paribas Reiterates Neutral Rating for Devro plc (DVO)
Devro plc (LON:DVO)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research note issued to investors on Friday. They presently have a GBX 200 ($2.50) target price on the stock. BNP Paribas’ target price would indicate a potential upside of 13.64% from the stock’s previous close.
DVO has been the topic of several other research reports. HSBC reissued a “hold” rating and set a GBX 275 ($3.44) price target on shares of Devro plc in a research report on Thursday, August 4th. Peel Hunt reissued a “buy” rating and set a GBX 330 ($4.12) price target on shares of Devro plc in a research report on Wednesday, August 3rd. Societe Generale reduced their target price on shares of Devro plc from GBX 330 ($4.12) to GBX 280 ($3.50) and set a “hold” rating on the stock in a report on Thursday, August 4th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 293 ($3.66) target price on shares of Devro plc in a report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 273.43 ($3.42).
Shares of Devro plc (LON:DVO) opened at 180.00 on Friday. The firm’s market capitalization is GBX 300.48 million. The firm’s 50-day moving average is GBX 227.26 and its 200 day moving average is GBX 248.74. Devro plc has a 52 week low of GBX 168.08 and a 52 week high of GBX 320.00.
In other Devro plc news, insider Paul Nigel Withers bought 20,000 shares of the stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of GBX 183 ($2.29) per share, for a total transaction of £36,600 ($45,727.14). Also, insider Gerard Hoetmer bought 15,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of GBX 178 ($2.22) per share, for a total transaction of £26,700 ($33,358.32).
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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