Devro (DVO) Coverage Initiated at Kepler Capital Markets
Equities researchers at Kepler Capital Markets started coverage on shares of Devro (LON:DVO) in a research report issued on Friday. The firm set a “buy” rating and a GBX 265 ($3.57) price target on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 20.87% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. Berenberg Bank began coverage on Devro in a report on Wednesday, November 22nd. They set a “sell” rating and a GBX 199 ($2.68) price target for the company. Peel Hunt lifted their price target on Devro from GBX 205 ($2.76) to GBX 220 ($2.96) and gave the company a “hold” rating in a report on Thursday, November 9th. Shore Capital reiterated a “hold” rating on shares of Devro in a report on Thursday, November 9th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 220 ($2.96) price target on shares of Devro in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 214 ($2.88).
Devro (DVO) opened at GBX 219.25 ($2.95) on Friday. Devro has a 12 month low of GBX 157.62 ($2.12) and a 12 month high of GBX 247 ($3.32).
In other news, insider Rutger Helbing purchased 2,000 shares of Devro stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of GBX 226 ($3.04) per share, for a total transaction of £4,520 ($6,083.45).
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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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