Peel Hunt Increases Avon Rubber plc (AVON) Price Target to GBX 1,200
Avon Rubber plc (LON:AVON) had its price target increased by Peel Hunt from GBX 1,150 ($14.37) to GBX 1,200 ($14.99) in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 19.64% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. N+1 Singer lifted their target price on Avon Rubber plc from GBX 975 ($12.18) to GBX 1,100 ($13.74) and gave the stock a “buy” rating in a report on Tuesday, October 18th. Panmure Gordon lifted their target price on Avon Rubber plc from GBX 1,020 ($12.74) to GBX 1,100 ($13.74) and gave the stock a “buy” rating in a report on Friday, September 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 1,074 ($13.42).
Shares of Avon Rubber plc (LON:AVON) opened at 1026.50 on Wednesday. Avon Rubber plc has a one year low of GBX 705.50 and a one year high of GBX 1,130.00. The stock’s market capitalization is GBX 310.49 million. The firm’s 50-day moving average is GBX 1,000.39 and its 200-day moving average is GBX 908.78.
In related news, insider Vervaat,Petrus R. M purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was bought at an average cost of GBX 990 ($12.37) per share, with a total value of £9,900 ($12,368.82). Also, insider Rennie ,Rob purchased 708 shares of the firm’s stock in a transaction on Monday, September 5th. The stock was bought at an average cost of GBX 842 ($10.52) per share, with a total value of £5,961.36 ($7,447.98).
About Avon Rubber plc
Avon Rubber p.l.c. is engaged in the design, test and manufacturing specialist products. The Company operates in two segments: Protection & Defence, and Dairy. Its Protection & Defence segment consists of a range of respiratory products. It products include respirators or gas masks together with a range of spares and accessories; the National Institute for Occupational Safety and Health-approved emergency hood; rebreathers for escape and underwater use, and self-contained breathing apparatus.
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