Goldman Sachs Group Inc. Increases Devro Price Target to GBX 440 (DVO)
Investment analysts at Goldman Sachs Group Inc. boosted their target price on shares of Devro (LON:DVO) from GBX 390 ($6.23) to GBX 440 ($7.02) in a note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 42.30% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Devro in a research note to investors on Wednesday, October 2nd. They now have a GBX 367 ($5.86) price target on the stock. Separately, analysts at Societe Generale downgraded shares of Devro to a “hold” rating in a research note to investors on Monday, September 23rd. They now have a GBX 350 ($5.59) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Devro in a research note to investors on Friday, September 20th. They now have a GBX 350 ($5.59) price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 372.25 ($5.94).
Shares of Devro (LON:DVO) opened at 312.10 on Tuesday. Devro has a one year low of GBX 272.71 and a one year high of GBX 381.70. The stock has a 50-day moving average of GBX 239.9 and a 200-day moving average of GBX 272.9. The company’s market cap is £518.6 million.
Devro plc is engaged in the production and sale of manufactured casings for the food industry. The Company operates in two segments: Collagen casings and Other products.
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