Devro (DVO) Rating Increased to Hold at Berenberg Bank
Berenberg Bank upgraded shares of Devro (LON:DVO) to a hold rating in a research report report published on Thursday. Berenberg Bank currently has GBX 198 ($2.74) price target on the stock, down from their prior price target of GBX 199 ($2.75).
A number of other equities analysts have also recently issued reports on DVO. Numis Securities reiterated a hold rating and issued a GBX 220 ($3.04) price objective on shares of Devro in a report on Tuesday, February 27th. Peel Hunt cut their price objective on Devro from GBX 220 ($3.04) to GBX 200 ($2.76) and set a hold rating for the company in a report on Tuesday, February 27th. Shore Capital reiterated a hold rating on shares of Devro in a report on Tuesday, February 27th. Finally, Kepler Capital Markets began coverage on Devro in a report on Friday, December 15th. They issued a buy rating and a GBX 265 ($3.66) price objective for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 216.60 ($2.99).
Devro (LON:DVO) opened at GBX 200.92 ($2.78) on Thursday. Devro has a twelve month low of GBX 175 ($2.42) and a twelve month high of GBX 247 ($3.41). The company has a market capitalization of $331.08 and a price-to-earnings ratio of 2,232.41.
The business also recently announced a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, March 29th will be issued a dividend of GBX 6.10 ($0.08) per share. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Devro’s previous dividend of $2.70. This represents a yield of 3.09%.
In related news, insider Gerard Hoetmer bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of GBX 200 ($2.76) per share, for a total transaction of £50,000 ($69,079.86). Also, insider Rutger Helbing bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of GBX 226 ($3.12) per share, with a total value of £4,520 ($6,244.82).
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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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