Devro plc (LON:DVO) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 220.80 ($2.99).
A number of equities research analysts recently issued reports on DVO shares. Berenberg Bank started coverage on shares of Devro in a report on Wednesday, November 22nd. They issued a “sell” rating and a GBX 199 ($2.70) price objective for the company. Peel Hunt upped their price objective on shares of Devro from GBX 205 ($2.78) to GBX 220 ($2.98) and gave the stock a “hold” rating in a report on Thursday, November 9th. Numis Securities reiterated a “hold” rating and issued a GBX 220 ($2.98) price objective on shares of Devro in a report on Wednesday, December 13th. Kepler Capital Markets started coverage on shares of Devro in a report on Friday, December 15th. They issued a “buy” rating and a GBX 265 ($3.59) price objective for the company. Finally, Shore Capital reiterated a “hold” rating on shares of Devro in a report on Monday, December 11th.
In other Devro news, insider Rutger Helbing acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of GBX 226 ($3.06) per share, for a total transaction of £4,520 ($6,129.64).
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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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