Berenberg Bank Initiates Coverage on Devro plc (DVO)
Investment analysts at Berenberg Bank started coverage on shares of Devro plc (LON:DVO) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm set a “sell” rating and a GBX 199 ($2.62) price target on the stock. Berenberg Bank’s price target points to a potential downside of 9.95% from the stock’s current price.
Several other research firms also recently commented on DVO. Shore Capital reiterated a “hold” rating on shares of Devro plc in a report on Thursday, November 9th. Peel Hunt lifted their price objective on Devro plc from GBX 205 ($2.70) to GBX 220 ($2.89) and gave the stock a “hold” rating in a report on Thursday, November 9th. Finally, Numis Securities Ltd lifted their price objective on Devro plc from GBX 209 ($2.75) to GBX 220 ($2.89) and gave the stock a “hold” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Devro plc has an average rating of “Hold” and an average price target of GBX 203.80 ($2.68).
Devro plc (DVO) traded down GBX 4 ($0.05) on Wednesday, hitting GBX 221 ($2.91). The stock had a trading volume of 124,338 shares, compared to its average volume of 93,120. Devro plc has a 1 year low of GBX 139.34 ($1.83) and a 1 year high of GBX 247 ($3.25).
About Devro plc
Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company conducts its operations through three segments: Americas, Asia-Pacific and Europe. The Americas segment includes the Company’s operations in North America and Latin America. The Asia-Pacific segment includes the Company’s operations in Australia, New Zealand, Japan, China and the rest of South East Asia.
Receive News & Ratings for Devro plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devro plc and related companies with MarketBeat.com's FREE daily email newsletter.