Devro plc (DVO) Receives GBX 208.33 Average Price Target from Brokerages
Shares of Devro plc (LON:DVO) have received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 208.33 ($2.72).
A number of research firms have recently issued reports on DVO. Peel Hunt reissued a “hold” rating on shares of Devro in a research report on Monday, April 8th. Shore Capital reissued a “buy” rating on shares of Devro in a research report on Tuesday, February 26th.
In other news, insider Rutger Helbing acquired 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of GBX 185 ($2.42) per share, for a total transaction of £13,875 ($18,130.15).
Devro (LON:DVO) last posted its quarterly earnings results on Tuesday, February 26th. The company reported GBX 14.60 ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 14.10 ($0.18) by GBX 0.50 ($0.01).
The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be issued a GBX 6.30 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 3.42%. This is an increase from Devro’s previous dividend of $2.70. Devro’s dividend payout ratio is currently 1.22%.
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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