Porvair’s (PRV) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV) in a research report sent to investors on Monday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank started coverage on shares of Porvair in a research note on Thursday, May 16th. They set a buy rating and a GBX 800 ($10.12) price objective on the stock.

Porvair Stock Up 1.6 %

Shares of LON PRV opened at GBX 640 ($8.10) on Monday. The company has a debt-to-equity ratio of 11.52, a quick ratio of 1.22 and a current ratio of 2.22. Porvair has a 1 year low of GBX 522 ($6.60) and a 1 year high of GBX 745.70 ($9.43). The stock’s 50-day simple moving average is GBX 659.48 and its 200-day simple moving average is GBX 641.91. The firm has a market cap of £296.70 million, a price-to-earnings ratio of 1,828.57 and a beta of 0.76.

Porvair Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Investors of record on Thursday, July 18th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 0.32%. Porvair’s dividend payout ratio is presently 1,714.29%.

Insiders Place Their Bets

In other Porvair news, insider James Mills acquired 4,250 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of GBX 620 ($7.84) per share, with a total value of £26,350 ($33,329.12). 22.91% of the stock is owned by insiders.

Porvair Company Profile

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.