Devro plc (DVO) Declares Dividend of GBX 2.70
Devro plc (LON:DVO) declared a dividend on Wednesday, July 30th, American Banking and Market News reports. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 2.70 ($0.05) per share on Friday, October 3rd. This represents a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 27th. The official announcement can be accessed at this link.
A number of research firms have recently commented on DVO. Analysts at Investec reiterated a “buy” rating on shares of Devro plc in a research note on Wednesday. They now have a GBX 280 ($4.75) price target on the stock. On a related note, analysts at N+1 Singer upgraded shares of Devro plc to a “hold” rating in a research note on Wednesday. They now have a GBX 211 ($3.58) price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 260.11 ($4.42).
Shares of Devro plc (LON:DVO) traded up 5.66% on Wednesday, hitting GBX 256.75. The stock had a trading volume of 233,954 shares. Devro plc has a 52-week low of GBX 203.875 and a 52-week high of GBX 339.90. The stock has a 50-day moving average of GBX 249.3 and a 200-day moving average of GBX 260.. The company’s market cap is £427.7 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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