Devro plc Stock Rating Upgraded by N+1 Singer (DVO)
Devro plc (LON:DVO) was upgraded by N+1 Singer to a “hold” rating in a research note issued on Wednesday. The firm currently has a GBX 211 ($3.58) price objective on the stock. N+1 Singer’s target price would suggest a potential downside of 17.66% from the company’s current price.
A number of other firms have also recently commented on DVO. Analysts at Investec raised their price target on shares of Devro plc from GBX 235 ($3.99) to GBX 280 ($4.75) in a research note on Friday, July 4th. They now have a “buy” rating on the stock. Separately, analysts at Panmure Gordon reiterated a “sell” rating on shares of Devro plc in a research note on Tuesday, July 1st. They now have a GBX 175 ($2.97) price target 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 ($5.09) price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 260.11 ($4.42).
Devro plc (LON:DVO) traded up 5.66% on Wednesday, hitting GBX 256.75. 572,090 shares of the company’s stock traded hands. Devro plc has a one year low of GBX 203.875 and a one year high of GBX 339.90. The stock’s 50-day moving average is GBX 249.3 and its 200-day moving average is GBX 260.. The company’s market cap is £427.7 million.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 2.70 ($0.05) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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