Porvair (LON:PRV) Earns Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Porvair (LON:PRV) in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 600 ($7.84) price objective on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Porvair in a research report on Wednesday.

LON:PRV opened at GBX 592 ($7.74) on Wednesday. The company has a debt-to-equity ratio of 5.36, a quick ratio of 0.97 and a current ratio of 1.61. The stock’s 50-day simple moving average is GBX 579.96 and its 200 day simple moving average is GBX 561.05. The company has a market cap of $271.39 million and a P/E ratio of 25.08. Porvair has a 52-week low of GBX 401 ($5.24) and a 52-week high of GBX 624 ($8.15).

The business also recently announced a dividend, which was paid on Friday, August 30th. Investors of record on Thursday, July 25th were given a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, July 25th. Porvair’s dividend payout ratio is currently 0.21%.

In related news, insider Ben Stocks sold 76,700 shares of Porvair stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of GBX 582 ($7.60), for a total value of £446,394 ($583,292.83).

About Porvair

Porvair plc, a filtration and environmental technology company, designs, develops, and sells specialist filtration and separation equipment. It operates in three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for applications in aerospace, energy, and industrial applications.

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