Devro plc (LON:DVO)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 220.22 ($2.88) and traded as low as GBX 213.75 ($2.79). Devro shares last traded at GBX 220 ($2.87), with a volume of 100,278 shares trading hands.
Several equities analysts recently weighed in on DVO shares. Shore Capital restated a “buy” rating on shares of Devro in a research note on Thursday, July 29th. Peel Hunt upgraded Devro to a “buy” rating and set a GBX 230 ($3.00) price target for the company in a research note on Tuesday, July 6th. Finally, Peel Hunt upgraded Devro to a “buy” rating and set a GBX 230 ($3.00) price objective for the company in a research note on Tuesday, July 6th.
The company has a 50 day simple moving average of GBX 220.22 and a 200 day simple moving average of GBX 207.07. The company has a debt-to-equity ratio of 110.32, a quick ratio of 1.13 and a current ratio of 2.07. The company has a market capitalization of £367.29 million and a PE ratio of 13.50.
About Devro (LON:DVO)
Devro plc, together with its subsidiaries, manufactures and supplies collagen casings primarily in the United Kingdom. It offers edible and non-edible collagen casings, 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 distributors and agents.
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