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.
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