Devro’s (DVO) Neutral Rating Reaffirmed at BNP Paribas

BNP Paribas reissued their neutral rating on shares of Devro (LON:DVO) in a report published on Thursday morning.

Other research analysts have also issued research reports about the stock. Shore Capital upgraded shares of Devro to a buy rating in a research note on Tuesday, March 20th. Kepler Capital Markets started coverage on shares of Devro in a research note on Friday, December 15th. They set a buy rating and a GBX 265 ($3.72) price objective for the company. Numis Securities reiterated a hold rating and set a GBX 220 ($3.09) price objective on shares of Devro in a research note on Wednesday, December 13th. Berenberg Bank upgraded shares of Devro to a hold rating and reduced their price objective for the stock from GBX 199 ($2.79) to GBX 198 ($2.78) in a research note on Thursday, March 1st. Finally, Peel Hunt reduced their price objective on shares of Devro from GBX 220 ($3.09) to GBX 200 ($2.81) and set a hold rating for the company in a research note on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Devro presently has an average rating of Hold and an average price target of GBX 216.60 ($3.04).

LON:DVO opened at GBX 195.40 ($2.74) on Thursday. Devro has a one year low of GBX 175 ($2.46) and a one year high of GBX 247 ($3.47).

Devro (LON:DVO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported GBX 12.50 ($0.18) EPS for the quarter, missing the consensus estimate of GBX 13.80 ($0.19) by GBX (1.30) (($0.02)). The business had revenue of £256.90 million during the quarter. Devro had a net margin of 4.78% and a return on equity of 10.17%.

The company also recently disclosed a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be paid a dividend of GBX 6.10 ($0.09) per share. This represents a dividend yield of 3.09%. The ex-dividend date is Thursday, March 29th. This is a positive change from Devro’s previous dividend of $2.70.

In other news, insider Gerard Hoetmer acquired 25,000 shares of Devro stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of GBX 200 ($2.81) per share, for a total transaction of £50,000 ($70,185.29).

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Devro Company Profile

Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors under the Devro, Cutisin, Edicol, and Ralex names.

Analyst Recommendations for Devro (LON:DVO)

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