Shore Capital Reiterates Buy Rating for Devro (LON:DVO)

Devro (LON:DVO – Get Rating)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Thursday, LSE.Co.UK reports.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 230 ($2.93) target price on shares of Devro in a report on Tuesday, April 12th.

Shares of LON:DVO opened at GBX 210 ($2.68) on Thursday. The company has a 50-day simple moving average of GBX 204.53 and a 200-day simple moving average of GBX 209.28. Devro has a one year low of GBX 163.46 ($2.08) and a one year high of GBX 240 ($3.06). The company has a debt-to-equity ratio of 90.42, a quick ratio of 1.37 and a current ratio of 2.32. The stock has a market capitalization of £350.59 million and a price-to-earnings ratio of 11.41.

In other Devro news, insider Rutger Helbing sold 66,486 shares of the company’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of GBX 211 ($2.69), for a total transaction of £140,285.46 ($178,798.70). Also, insider Rohan Cummings bought 18,911 shares of the stock in a transaction on Wednesday, April 6th. The shares were bought at an average price of GBX 209 ($2.66) per share, for a total transaction of £39,523.99 ($50,374.70).

Devro Company Profile (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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