Devro plc (DVO) Given Buy Rating at Peel Hunt
DVO has been the topic of several other research reports. HSBC reiterated a hold rating and set a GBX 275 ($3.44) price objective on shares of Devro plc in a research report on Thursday, August 4th. Numis Securities Ltd cut shares of Devro plc from a buy rating to an add rating and set a GBX 209 ($2.61) price objective on the stock. in a research report on Friday, November 11th. BNP Paribas reduced their price objective on shares of 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. Finally, Societe Generale reiterated a hold rating and set a GBX 190 ($2.37) price objective on shares of Devro plc in a research report on Friday, November 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 252 ($3.15).
Devro plc (LON:DVO) traded down 2.16% during midday trading on Monday, reaching GBX 158.25. 191,961 shares of the company were exchanged. Devro plc has a 52 week low of GBX 157.25 and a 52 week high of GBX 320.00. The firm’s market capitalization is GBX 264.17 million. The company has a 50-day moving average of GBX 217.96 and a 200 day moving average of GBX 245.08.
In other news, insider Paul Nigel Withers acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was purchased 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 acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average price of GBX 178 ($2.22) per share, with a total value 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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