N+1 Singer Reiterates Buy Rating for Avon Rubber plc (AVON)
Avon Rubber plc (LON:AVON)‘s stock had its “buy” rating restated by analysts at N+1 Singer in a research report issued to clients and investors on Friday. They currently have a GBX 720 ($12.07) price objective on the stock. N+1 Singer’s target price would suggest a potential upside of 14.65% from the stock’s previous close.
Avon Rubber plc (LON:AVON) traded up 0.56% on Friday, hitting GBX 631.50. The stock had a trading volume of 19,758 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 634.4 and its 200-day moving average is GBX 618.5. The company’s market cap is £188.2 million.
The company also recently declared a dividend, which is scheduled for Friday, September 5th. Investors of record on Thursday, August 7th will be given a dividend of GBX 1.87 ($0.03) per share. This represents a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 7th.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Avon Rubber plc in a research note on Tuesday, May 6th. They now have a GBX 720 ($12.07) price target on the stock. Separately, analysts at WH Ireland reiterated a “buy” rating on shares of Avon Rubber plc in a research note on Wednesday, April 30th. They now have a GBX 765 ($12.82) price target on the stock. Finally, 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 ($12.07) price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Avon Rubber plc has an average rating of “Buy” and an average target price of GBX 720.83 ($12.08).
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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