Kepler Capital Markets started coverage on shares of Devro (LON:DVO) in a research report report published on Friday, December 15th. The brokerage issued a buy rating and a GBX 265 ($3.54) target price on the stock.
A number of other research analysts have also commented on the stock. Numis Securities restated a hold rating and set a GBX 220 ($2.94) target price on shares of Devro in a research report on Wednesday, December 13th. Shore Capital reissued a hold rating on shares of Devro in a research note on Thursday, November 9th. Peel Hunt increased their price objective on shares of Devro from GBX 205 ($2.74) to GBX 220 ($2.94) and gave the company a hold rating in a research note on Thursday, November 9th. Finally, Berenberg Bank started coverage on shares of Devro in a research note on Wednesday, November 22nd. They set a sell rating and a GBX 199 ($2.66) price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 214 ($2.86).
Shares of Devro (LON DVO) traded down GBX 6.25 ($0.08) during midday trading on Friday, reaching GBX 229 ($3.06). 66,836 shares of the company were exchanged, compared to its average volume of 117,045. Devro has a 12-month low of GBX 161.90 ($2.16) and a 12-month high of GBX 247 ($3.30). The firm has a market cap of $392.75 and a price-to-earnings ratio of 3,271.43.
In other Devro news, insider Rutger Helbing acquired 2,000 shares of Devro stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of GBX 226 ($3.02) per share, for a total transaction of £4,520 ($6,043.59).
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Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company conducts its operations through three segments: Americas, Asia-Pacific and Europe. The Americas segment includes the Company’s operations in North America and Latin America. The Asia-Pacific segment includes the Company’s operations in Australia, New Zealand, Japan, China and the rest of South East Asia.
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