Berenberg Bank Issues Pessimistic Forecast for Porvair (LON:PRV) Stock Price

Porvair (LON:PRV) had its price target cut by investment analysts at Berenberg Bank from GBX 1,050 to GBX 1,000 in a report issued on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 11.61% from the stock’s previous close.

Porvair Price Performance

Shares of LON:PRV opened at GBX 896 on Thursday. The company has a debt-to-equity ratio of 14.49, a current ratio of 1.94 and a quick ratio of 1.22. The firm has a market capitalization of £414.00 million, a price-to-earnings ratio of 22.18 and a beta of 0.52. Porvair has a 12 month low of GBX 678.82 and a 12 month high of GBX 938. The business’s 50 day simple moving average is GBX 871.79 and its 200-day simple moving average is GBX 817.01.

About Porvair

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment.