N+1 Singer Reaffirms “Hold” Rating for Devro plc (DVO)
Several other brokerages have also issued reports on DVO. Numis Securities Ltd lowered shares of Devro plc to a hold rating and set a GBX 209 ($2.58) price target on the stock. in a report on Thursday, January 12th. Shore Capital reissued a hold rating on shares of Devro plc in a report on Wednesday, January 11th. Peel Hunt reissued a hold rating and issued a GBX 180 ($2.22) price target on shares of Devro plc in a report on Wednesday, January 11th. Finally, BNP Paribas lowered their price target on shares of Devro plc from GBX 200 ($2.47) to GBX 180 ($2.22) and set a neutral rating on the stock in a report on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus price target of GBX 205.67 ($2.54).
Devro plc (LON:DVO) opened at 197.2601 on Thursday. The stock has a 50 day moving average price of GBX 181.76 and a 200-day moving average price of GBX 196.26. The stock’s market cap is GBX 329.32 million. Devro plc has a 1-year low of GBX 139.34 and a 1-year high of GBX 305.00.
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The company also recently announced a dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, March 30th will be issued a GBX 6.10 ($0.08) dividend. This is a positive change from Devro plc’s previous dividend of $2.70. The ex-dividend date of this dividend is Thursday, March 30th. This represents a dividend yield of 3.21%.
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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