Devro plc PT Raised to GBX 280 (DVO)
Investment analysts at Investec increased their price target on shares of Devro plc (LON:DVO) from GBX 235 ($4.00) to GBX 280 ($4.77) in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 10.56% from the stock’s previous close.
Devro plc (LON:DVO) opened at 251.00 on Friday. Devro plc has a 1-year low of GBX 203.875 and a 1-year high of GBX 339.90. The stock has a 50-day moving average of GBX 253.8 and a 200-day moving average of GBX 266.9. The company’s market cap is £418.1 million.
A number of other analysts have also recently weighed in on DVO. Analysts at Panmure Gordon reiterated a “sell” rating on shares of Devro plc in a research note on Tuesday. They now have a GBX 175 ($2.98) price target on the stock. Separately, analysts at N+1 Singer cut their price target on shares of Devro plc from GBX 246 ($4.19) to GBX 211 ($3.59) in a research note on Monday, June 23rd. They now have a “sell” rating on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Devro plc in a research note on Monday, June 2nd. They now have a GBX 300 ($5.11) price target on the stock. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 260.11 ($4.43).
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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