Shore Capital Upgrades Devro (DVO) to Buy
DVO has been the subject of a number of other reports. Numis Securities reiterated a hold rating and issued a GBX 220 ($3.04) price target on shares of Devro in a research note on Wednesday, December 13th. Peel Hunt reduced their price target on shares of Devro from GBX 220 ($3.04) to GBX 200 ($2.76) and set a hold rating for the company in a research note on Tuesday, February 27th. Berenberg Bank upgraded shares of Devro to a hold rating and reduced their price target for the stock from GBX 199 ($2.75) to GBX 198 ($2.74) in a research note on Thursday, March 1st. Finally, Kepler Capital Markets began coverage on shares of Devro in a research note on Friday, December 15th. They issued a buy rating and a GBX 265 ($3.66) price target for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 216.60 ($2.99).
Shares of Devro (DVO) opened at GBX 199.40 ($2.75) on Tuesday. The company has a market cap of $333.90 and a PE ratio of 2,215.56. Devro has a 52-week low of GBX 175 ($2.42) and a 52-week high of GBX 247 ($3.41).
The firm also recently disclosed a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be issued a GBX 6.10 ($0.08) dividend. This is an increase from Devro’s previous dividend of $2.70. The ex-dividend date of this dividend is Thursday, March 29th. This represents a dividend yield of 3.09%.
In other Devro news, insider Gerard Hoetmer acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of GBX 200 ($2.76) per share, with a total value of £50,000 ($69,079.86).
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Devro 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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