Avon Rubber (AVON) Reaches New 12-Month High at $1,260.00

Avon Rubber plc (LON:AVON)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,260 ($17.09) and last traded at GBX 1,260 ($17.09), with a volume of 34098 shares traded. The stock had previously closed at GBX 1,260 ($17.09).

Several equities analysts recently issued reports on AVON shares. N+1 Singer restated a “buy” rating and set a GBX 1,170 ($15.87) price target on shares of Avon Rubber in a research report on Wednesday, December 6th. Peel Hunt raised their price target on Avon Rubber from GBX 1,200 ($16.27) to GBX 1,300 ($17.63) and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group started coverage on Avon Rubber in a research report on Wednesday, November 8th. They set a “buy” rating and a GBX 1,230 ($16.68) price target on the stock.

The stock has a market cap of $390.18 and a PE ratio of 1,857.14.

The firm also recently disclosed a dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, February 15th will be issued a GBX 8.21 ($0.11) dividend. The ex-dividend date is Thursday, February 15th. This represents a yield of 0.71%. This is a boost from Avon Rubber’s previous dividend of $4.11.

In other Avon Rubber news, insider Paul McDonald sold 1,272 shares of the stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of GBX 1,176 ($15.95), for a total value of £14,958.72 ($20,285.76). Also, insider Petrus R. M. Vervaat acquired 967 shares of the company’s stock in a transaction on Monday, January 8th. The stock was acquired at an average price of GBX 1,200 ($16.27) per share, with a total value of £11,604 ($15,736.37). In the last quarter, insiders acquired 1,434 shares of company stock valued at $1,699,770.

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About Avon Rubber

Avon Rubber p.l.c. is engaged in the design, test and manufacturing specialist products from various sites. The Company operates in two segments: Protection & Defence, and Dairy. It operates out of Europe and the United States. Its Protection & Defence segment consists of a range of respiratory products.

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