Porvair plc (LON:PRV) Earns Buy Rating from Peel Hunt
Porvair plc (LON:PRV)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, June 27th. They presently have a GBX 620 ($8.03) price target on the stock. Peel Hunt’s price objective points to a potential upside of 18.10% from the company’s current price.
Shares of Porvair plc (LON:PRV) traded down 3.14% on Tuesday, hitting GBX 525.00. 2,184 shares of the stock traded hands. Porvair plc has a 52-week low of GBX 350.00 and a 52-week high of GBX 610.00. The stock’s 50 day moving average price is GBX 577.34 and its 200 day moving average price is GBX 505.56. The stock’s market cap is GBX 238.06 million.
The company also recently announced a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be issued a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 0.28%. The ex-dividend date is Thursday, July 27th.
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In other news, insider Christopher Tyler sold 70,000 shares of Porvair plc stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of GBX 542 ($7.02), for a total transaction of £379,400 ($491,450.78).
About Porvair plc
Porvair plc is a specialist filtration and environmental technology company engaged in the development, design and manufacture of filtration and separation equipment. The Company’s operating divisions include Metals Filtration and Microfiltration. The Metals Filtration Division designs and manufactures porous ceramic filters for the filtration of molten metals, principally aluminum.
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