Devro plc (DVO) Downgraded to “Hold” at Numis Securities Ltd
Several other equities research analysts have also recently weighed in on the stock. Peel Hunt restated a hold rating and issued a GBX 180 ($2.19) price objective on shares of Devro plc in a research report on Wednesday. Shore Capital restated a hold rating on shares of Devro plc in a research report on Wednesday. BNP Paribas lowered their price objective on shares of Devro plc from GBX 200 ($2.43) to GBX 180 ($2.19) and set a neutral rating for the company in a research report on Tuesday, January 3rd. Finally, Societe Generale restated a hold rating and issued a GBX 190 ($2.31) price objective on shares of Devro plc in a research report on Friday, November 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 232.33 ($2.83).
Devro plc (LON:DVO) traded down 0.89% during midday trading on Thursday, hitting GBX 194.25. 289,765 shares of the stock were exchanged. The company has a 50 day moving average price of GBX 168.72 and a 200 day moving average price of GBX 224.09. The firm’s market capitalization is GBX 324.27 million. Devro plc has a one year low of GBX 139.34 and a one year high of GBX 320.00.
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In other news, insider Peter Page acquired 35,000 shares of Devro plc stock in a transaction that occurred on Thursday, December 8th. The shares were acquired at an average price of GBX 154 ($1.87) per share, with a total value of £53,900 ($65,547.85). Also, insider Gerard Hoetmer acquired 20,000 shares of Devro plc stock in a transaction that occurred on Monday, December 5th. The shares were purchased at an average cost of GBX 147 ($1.79) per share, for a total transaction of £29,400 ($35,753.37).
Devro plc Company Profile
Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company operates through three segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia, and Europe, which includes Continental Europe, the United Kingdom, Ireland and Africa.
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