Devro plc (DVO) Given Average Recommendation of “Hold” by Brokerages
Devro plc (LON:DVO) has been given a consensus rating of “Hold” by the seven research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 214 ($2.86).
Several equities analysts have weighed in on the company. Peel Hunt raised their price target on Devro from GBX 205 ($2.74) to GBX 220 ($2.94) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Shore Capital reissued a “hold” rating on shares of Devro in a research report on Thursday, November 9th. Berenberg Bank assumed coverage on Devro in a research report on Wednesday, November 22nd. They set a “sell” rating and a GBX 199 ($2.66) price target for the company. Numis Securities reissued a “hold” rating and set a GBX 220 ($2.94) price target on shares of Devro in a research report on Wednesday, December 13th. Finally, Kepler Capital Markets assumed coverage on Devro in a research report on Friday, December 15th. They set a “buy” rating and a GBX 265 ($3.54) price target for the company.
In related news, insider Rutger Helbing purchased 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was bought at an average price of GBX 226 ($3.02) per share, with a total value of £4,520 ($6,043.59).
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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.
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