Weekly Research Analysts’ Ratings Changes for Devro (DVO)

A number of firms have modified their ratings and price targets on shares of Devro (LON: DVO) recently:

  • 3/1/2018 – Devro was upgraded by analysts at Berenberg Bank to a “hold” rating. They now have a GBX 198 ($2.74) price target on the stock, down previously from GBX 199 ($2.75).
  • 2/27/2018 – Devro had its price target lowered by analysts at Peel Hunt from GBX 220 ($3.04) to GBX 200 ($2.76). They now have a “hold” rating on the stock.
  • 2/27/2018 – Devro had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 220 ($3.04) price target on the stock.
  • 2/27/2018 – Devro had its “hold” rating reaffirmed by analysts at Shore Capital.

Devro stock traded up GBX 3.80 ($0.05) during midday trading on Monday, reaching GBX 201 ($2.78). 66,476 shares of the company were exchanged, compared to its average volume of 128,464. Devro plc has a 1-year low of GBX 175 ($2.42) and a 1-year high of GBX 247 ($3.41). The stock has a market capitalization of $333.90 and a P/E ratio of 2,233.33.

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Devro (LON:DVO) last posted its earnings results on Tuesday, February 27th. The company reported GBX 12.50 ($0.17) earnings per share for the quarter, missing the consensus estimate 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%.

The firm also recently announced a dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, March 29th will be paid a GBX 6.10 ($0.08) dividend. This is an increase from Devro’s previous dividend of $2.70. The ex-dividend date of this dividend is Thursday, March 29th. This represents a dividend yield of 3.09%.

In other Devro news, insider Gerard Hoetmer bought 25,000 shares of Devro stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of GBX 200 ($2.76) per share, for a total transaction of £50,000 ($69,079.86).

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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