Avon Protection (LON:AVON) Hits New 52-Week High – Still a Buy?

Avon Protection plc (LON:AVON)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,540 ($18.80) and last traded at GBX 1,517.51 ($18.53), with a volume of 552453 shares changing hands. The stock had previously closed at GBX 1,516 ($18.51).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of Avon Protection in a research note on Tuesday, November 19th.

Avon Protection Price Performance

The firm has a market cap of £456 million, a P/E ratio of -3,304.35, a PEG ratio of 1.85 and a beta of 0.35. The company has a debt-to-equity ratio of 61.54, a current ratio of 2.47 and a quick ratio of 0.85. The company’s 50-day moving average is GBX 1,382.69 and its two-hundred day moving average is GBX 1,299.58.

Avon Protection Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be given a dividend of $0.16 per share. This is a positive change from Avon Protection’s previous dividend of $0.07. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 0.97%. Avon Protection’s dividend payout ratio (DPR) is currently -3,913.04%.

Avon Protection Company Profile

We are a world leader in protective equipment, with a reputation for innovative design, high-performance quality and specialist materials expertise.
Our two businesses, Avon Protection and Team Wendy, supply our respiratory and head protection portfolio to customers across the globe from our manufacturing sites in the UK and North America.
With over 900 talented people our shared purpose and core beliefs are to be #FIERCE about Protecting Lives.