Devro (DVO) Rating Reiterated by Peel Hunt

Devro (LON:DVO)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a report released on Wednesday, April 25th. They currently have a GBX 200 ($2.68) price target on the stock. Peel Hunt’s target price would indicate a potential downside of 5.66% from the company’s current price.

Other equities analysts have also issued research reports about the company. Numis Securities reissued a “hold” rating and issued a GBX 220 ($2.95) price objective on shares of Devro in a research note on Tuesday, February 27th. Shore Capital raised Devro to a “buy” rating in a research note on Tuesday, March 20th. BNP Paribas reissued a “neutral” rating on shares of Devro in a research note on Thursday, April 5th. Finally, Berenberg Bank raised Devro to a “hold” rating and reduced their price objective for the stock from GBX 199 ($2.67) to GBX 198 ($2.66) in a research note on Thursday, March 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 219.50 ($2.95).

Devro stock traded up GBX 1 ($0.01) on Wednesday, reaching GBX 212 ($2.84). The company’s stock had a trading volume of 68,957 shares, compared to its average volume of 128,464. Devro has a twelve month low of GBX 175 ($2.35) and a twelve month high of GBX 247 ($3.31).

Devro (LON:DVO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported GBX 12.50 ($0.17) EPS for the quarter, missing analysts’ consensus estimates of GBX 13.80 ($0.19) by GBX (1.30) (($0.02)). The business had revenue of £256.90 million during the quarter. Devro had a return on equity of 10.17% and a net margin of 4.78%.

In other news, insider Gerard Hoetmer purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of GBX 200 ($2.68) per share, with a total value of £50,000 ($67,087.08).

About Devro

Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors under the Devro, Cutisin, Edicol, and Ralex names.

Analyst Recommendations for Devro (LON:DVO)

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