Avon Rubber plc Given Buy Rating at N+1 Singer (AVON)
Avon Rubber plc (LON:AVON)‘s stock had its “buy” rating reaffirmed by stock analysts at N+1 Singer in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 720 ($12.10) price objective on the stock. N+1 Singer’s price target would indicate a potential upside of 9.26% from the company’s current price.
Shares of Avon Rubber plc (LON:AVON) traded up 3.78% on Wednesday, hitting GBX 659.00. The stock had a trading volume of 177,311 shares. Avon Rubber plc has a 52-week low of GBX 415.25 and a 52-week high of GBX 670.00. The stock’s 50-day moving average is GBX 612.4 and its 200-day moving average is GBX 602.0. The company’s market cap is £194.3 million.
The company also recently announced a dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 7th will be paid a dividend of GBX 1.87 ($0.03) per share. This represents a dividend yield of 0.3%. The ex-dividend date is Thursday, August 7th.
A number of other analysts have also recently weighed in on AVON. Analysts at Cenkos Securities Ltd reiterated a “hold” rating on shares of Avon Rubber plc in a research note on Friday, March 28th. They now have a GBX 720 ($12.10) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Avon Rubber plc in a research note on Friday, March 28th. They now have a GBX 720 ($12.10) price target on the stock. Finally, analysts at Edison Group reiterated a “positive” rating on shares of Avon Rubber plc in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Avon Rubber plc has an average rating of “Buy” and an average price target of GBX 720.83 ($12.11).
Avon Rubber p.l.c is a design and engineering company specializing in two core business markets, protection and defense and dairy.
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