Devro plc Given Average Recommendation of “Hold” by Brokerages (LON:DVO)
Devro plc (LON:DVO) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, ARN reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 259 ($4.29).
Devro plc (LON:DVO) opened at 249.25 on Monday. 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 247.3 and a 200-day moving average of GBX 254.1. The company’s market cap is £415.8 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 ($0.04) per share. This represents a dividend yield of 1.05%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on DVO. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Devro plc in a research note on Wednesday, August 6th. They now have a GBX 255 ($4.22) price target on the stock. Separately, analysts at Societe Generale upgraded shares of Devro plc to a “hold” rating in a research note on Thursday, July 31st. They now have a GBX 240 ($3.97) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Devro plc in a research note on Wednesday, July 30th. They now have a GBX 280 ($4.63) price target on the stock.
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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