Devro plc (DVO) Given Average Rating of “Hold” by Brokerages

Devro plc (LON:DVO) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 203.80 ($2.74).

DVO has been the subject of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Devro in a research report on Wednesday, November 22nd. They issued a “sell” rating and a GBX 199 ($2.68) price target for the company. Peel Hunt upped their price target on shares of Devro from GBX 205 ($2.76) to GBX 220 ($2.96) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, Shore Capital reiterated a “hold” rating on shares of Devro in a research report on Thursday, November 9th.

Devro (LON DVO) opened at GBX 226 ($3.04) on Tuesday. Devro has a 12-month low of GBX 139.34 ($1.88) and a 12-month high of GBX 247 ($3.32).

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About Devro

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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