Shore Capital Reaffirms “Hold” Rating for Devro plc (LON:DVO)

Shore Capital reaffirmed their hold rating on shares of Devro plc (LON:DVO) in a research note issued to investors on Tuesday, August 8th.

Other equities analysts have also issued research reports about the stock. Peel Hunt reiterated a hold rating and issued a GBX 205 ($2.66) price objective on shares of Devro plc in a report on Wednesday, August 2nd. Numis Securities Ltd upped their target price on shares of Devro plc from GBX 209 ($2.71) to GBX 220 ($2.86) and gave the stock a hold rating in a research report on Thursday, August 3rd. Finally, N+1 Singer reiterated a hold rating and issued a GBX 200 ($2.60) price objective on shares of Devro plc in a report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average target price of GBX 199 ($2.58).

Devro plc (LON:DVO) traded down 1.25% during trading on Tuesday, reaching GBX 236.75. The company’s stock had a trading volume of 21,961 shares. Devro plc has a one year low of GBX 139.34 and a one year high of GBX 262.75. The firm’s market capitalization is GBX 395.25 million. The stock has a 50-day moving average of GBX 222.37 and a 200 day moving average of GBX 202.13.

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The company also recently declared a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, August 24th will be given a GBX 2.70 ($0.04) dividend. The ex-dividend date is Thursday, August 24th. This represents a dividend yield of 1.14%.

In related news, insider Peter Page bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of GBX 227 ($2.95) per share, for a total transaction of £22,700 ($29,469.04).

Devro plc Company Profile

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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