Shares of Devro plc (LON:DVO) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 208.50 ($2.72).
A number of equities analysts recently weighed in on the stock. Numis Securities restated a “hold” rating and set a GBX 215 ($2.81) target price on shares of Devro in a research report on Tuesday, September 25th. Peel Hunt restated a “hold” rating on shares of Devro in a research report on Monday, July 2nd. Finally, Kepler Capital Markets restated a “buy” rating on shares of Devro in a research report on Wednesday, September 5th.
In other Devro news, insider Rutger Helbing acquired 15,000 shares of the stock in a transaction on Thursday, August 9th. The stock was acquired at an average price of GBX 198 ($2.59) per share, for a total transaction of £29,700 ($38,808.31).
The business also recently announced a dividend, which was paid on Friday, October 5th. Investors of record on Thursday, August 23rd were given a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a dividend yield of 1.35%.
Devro Company Profile
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.
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