Devro plc Upgraded to “Hold” at Societe Generale (DVO)
Devro plc (LON:DVO) was upgraded by equities research analysts at Societe Generale to a “hold” rating in a research note issued to investors on Thursday. The firm currently has a GBX 240 ($4.08) price objective on the stock. Societe Generale’s price objective would indicate a potential downside of 5.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 262.33 ($4.45).
Shares of Devro plc (LON:DVO) traded down 0.59% on Thursday, hitting GBX 253.50. The stock had a trading volume of 108,063 shares. 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 249.0 and a 200-day moving average of GBX 260.. The company’s market cap is £422.2 million.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, August 27th will be paid a dividend of GBX 2.70 ($0.05) per share. This represents a dividend yield of 1.05%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.