Devro plc (LON:DVO) Insider Sells £140,285.46 in Stock

Devro plc (LON:DVOGet Rating) insider Rutger Helbing sold 66,486 shares of the business’s stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of GBX 211 ($2.75), for a total transaction of £140,285.46 ($182,806.18).

Shares of DVO opened at GBX 213 ($2.78) on Friday. The company has a market cap of £355.60 million and a price-to-earnings ratio of 11.58. Devro plc has a 1-year low of GBX 163.46 ($2.13) and a 1-year high of GBX 240 ($3.13). The company’s fifty day simple moving average is GBX 206.05 and its 200 day simple moving average is GBX 209.51. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 90.42.

The company also recently announced a dividend, which will be paid on Friday, July 22nd. Investors of record on Thursday, June 9th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 3.19%. This is an increase from Devro’s previous dividend of $2.80. The ex-dividend date is Thursday, June 9th. Devro’s payout ratio is presently 0.49%.

A number of brokerages have recently commented on DVO. Peel Hunt reissued a “buy” rating and issued a GBX 230 ($3.00) price objective on shares of Devro in a research report on Tuesday. Shore Capital reissued a “buy” rating on shares of Devro in a research report on Thursday, March 31st.

About Devro (Get Rating)

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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