Devro plc (DVO) Rating Reiterated by Societe Generale
Devro plc (LON:DVO)‘s stock had its “hold” rating reaffirmed by stock analysts at Societe Generale in a report released on Friday. They presently have a GBX 190 ($2.37) target price on the stock. Societe Generale’s target price indicates a potential upside of 7.95% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. BNP Paribas lowered their price objective on Devro plc from GBX 275 ($3.44) to GBX 255 ($3.19) and set a “neutral” rating on the stock in a research report on Thursday, August 4th. HSBC reiterated a “hold” rating and issued a GBX 275 ($3.44) price objective on shares of Devro plc in a research report on Thursday, August 4th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 293 ($3.66) target price on shares of Devro plc in a research note on Tuesday, August 9th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.12) target price on shares of Devro plc in a research note on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Devro plc has an average rating of “Hold” and an average price target of GBX 273.43 ($3.42).
Devro plc (LON:DVO) opened at 180.50 on Friday. The firm’s market capitalization is GBX 301.31 million. The firm’s 50-day moving average price is GBX 227.26 and its 200 day moving average price is GBX 248.74. Devro plc has a one year low of GBX 168.08 and a one year high of GBX 320.00.
In related news, insider Paul Nigel Withers acquired 20,000 shares of Devro plc stock in a transaction dated Monday, November 14th. The shares were purchased 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 acquired 15,000 shares of Devro plc stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost 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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