Devro plc (DVO) Rating Lowered to Add at Numis Securities Ltd
Devro plc (LON:DVO) was downgraded by analysts at Numis Securities Ltd from a “buy” rating to an “add” rating in a report released on Friday. They currently have a GBX 209 ($2.61) target price on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 18.75% from the stock’s current price.
Several other brokerages also recently commented on DVO. BNP Paribas reissued a “neutral” rating and issued a GBX 200 ($2.50) price objective on shares of Devro plc in a research note on Friday. Societe Generale lowered their price objective on Devro plc from GBX 330 ($4.12) to GBX 280 ($3.50) and set a “hold” rating for the company in a research note on Thursday, August 4th. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.12) price objective on shares of Devro plc in a research note on Wednesday, August 3rd. Finally, HSBC reissued a “hold” rating and issued a GBX 275 ($3.44) price objective on shares of Devro plc in a research note on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 273.43 ($3.42).
Shares of Devro plc (LON:DVO) opened at 180.50 on Friday. Devro plc has a 1-year low of GBX 168.08 and a 1-year high of GBX 320.00. The company has a 50-day moving average price of GBX 227.26 and a 200 day moving average price of GBX 248.74. The company’s market capitalization is GBX 301.31 million.
In other news, insider Paul Nigel Withers bought 20,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was acquired at an average cost of GBX 183 ($2.29) per share, with a total value of £36,600 ($45,727.14). Also, insider Gerard Hoetmer bought 15,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was purchased at an average cost of GBX 178 ($2.22) per share, with a total value of £26,700 ($33,358.32).
Devro plc Company Profile
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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