Avon Rubber (AVON) Receives “Buy” Rating from Peel Hunt

Avon Rubber (LON:AVON)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 1,450 ($20.03) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 19.24% from the stock’s current price.

Several other equities analysts have also recently weighed in on AVON. N+1 Singer restated a “buy” rating and issued a GBX 1,170 ($16.16) price objective on shares of Avon Rubber in a report on Wednesday, December 6th. Jefferies Group raised their price objective on Avon Rubber from GBX 1,315 ($18.17) to GBX 1,405 ($19.41) and gave the company a “buy” rating in a report on Thursday, February 22nd.

Avon Rubber (AVON) opened at GBX 1,216 ($16.80) on Wednesday. The firm has a market capitalization of $377.24 and a PE ratio of 1,737.14. Avon Rubber has a 1-year low of GBX 885 ($12.23) and a 1-year high of GBX 1,325 ($18.31).

In other news, insider Petrus R. M. Vervaat bought 967 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was acquired at an average cost of GBX 1,200 ($16.58) per share, for a total transaction of £11,604 ($16,032.05). Also, insider David Evans bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of GBX 1,175 ($16.23) per share, with a total value of £117,500 ($162,337.66). Insiders bought a total of 11,004 shares of company stock valued at $12,954,553 in the last 90 days.

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Avon Rubber Company Profile

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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