Devro plc (DVO) Receives Average Recommendation of “Hold” from Analysts
Devro plc (LON:DVO) has been given a consensus rating of “Hold” by the eight brokerages that are covering the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 273.43 ($3.42).
Several analysts recently commented on DVO shares. BNP Paribas reissued a “neutral” rating and set a GBX 200 ($2.50) target price on shares of Devro plc in a research note on Friday, November 11th. Numis Securities Ltd reissued a “buy” rating and set a GBX 293 ($3.66) target price on shares of Devro plc in a research note on Tuesday, August 9th. Societe Generale cut their target price on shares of 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 set a GBX 330 ($4.12) target price on shares of Devro plc in a research note on Wednesday, August 3rd. Finally, HSBC reissued a “hold” rating and set a GBX 275 ($3.44) target price on shares of Devro plc in a research note on Thursday, August 4th.
In other news, insider Paul Nigel Withers purchased 20,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of GBX 183 ($2.29) per share, for a total transaction of £36,600 ($45,727.14). Also, insider Gerard Hoetmer purchased 15,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of GBX 178 ($2.22) per share, for a total transaction of £26,700 ($33,358.32).
Devro plc (LON:DVO) opened at 177.75 on Friday. The firm’s market cap is GBX 296.72 million. Devro plc has a 12-month low of GBX 168.08 and a 12-month high of GBX 320.00. The company’s 50 day moving average is GBX 225.93 and its 200 day moving average is GBX 248.03.
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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