JPMorgan Chase & Co. Lowers Devro plc Price Target to GBX 240 (DVO)
Research analysts at JPMorgan Chase & Co. lowered their price objective on shares of Devro plc (LON:DVO) from GBX 297 ($4.99) to GBX 240 ($4.03) in a report released on Tuesday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 13.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Devro plc in a research note on Monday. Separately, analysts at N+1 Singer reiterated a “sell” rating on shares of Devro plc in a research note on Monday. They now have a GBX 246 ($4.13) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of Devro plc from GBX 250 ($4.20) to GBX 220 ($3.70) in a research note on Friday, March 28th. They now have a “sell” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Devro plc has a consensus rating of “Hold” and a consensus price target of GBX 301.22 ($5.06).
Shares of Devro plc (LON:DVO) traded down 0.71% during mid-day trading on Tuesday, hitting GBX 210.00. The stock had a trading volume of 876,108 shares. Devro plc has a one year low of GBX 220.00 and a one year high of GBX 350.20. The stock’s 50-day moving average is GBX 236. and its 200-day moving average is GBX 285.3. The company’s market cap is £349.8 million.
Devro plc is a United Kingdom-based company engaged in the production and sale of manufactured casings for the food industry.
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