Devro plc (LON:DVO) had its target price raised by Numis Securities Ltd from GBX 209 ($2.76) to GBX 220 ($2.90) in a research report released on Thursday morning. The brokerage currently has a hold rating on the stock.
Several other analysts have also issued reports on the company. Shore Capital restated a hold rating on shares of Devro plc in a research note on Wednesday. Peel Hunt restated a hold rating and issued a GBX 205 ($2.70) target price on shares of Devro plc in a research note on Wednesday. Finally, N+1 Singer restated a hold rating and issued a GBX 200 ($2.64) target price on shares of Devro plc in a research note on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of GBX 199 ($2.62).
Shares of Devro plc (DVO) traded up 0.77% on Thursday, reaching GBX 229.50. The company’s stock had a trading volume of 36,903 shares. The stock’s market cap is GBX 382.91 million. The firm’s 50 day moving average is GBX 215.43 and its 200-day moving average is GBX 197.94. Devro plc has a 52-week low of GBX 139.34 and a 52-week high of GBX 290.67.
In other news, insider Peter Page bought 10,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of GBX 227 ($2.99) per share, for a total transaction of £22,700 ($29,943.28).
Devro plc Company Profile
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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