Devro plc (LON:DVO) Insider Malcolm Swift Acquires 10,023 Shares

Devro plc (LON:DVO – Get Rating) insider Malcolm Swift bought 10,023 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was bought at an average price of GBX 200 ($2.47) per share, with a total value of £20,046 ($24,714.59).

Shares of LON DVO opened at GBX 197.80 ($2.44) on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 90.42. Devro plc has a 12 month low of GBX 163.46 ($2.02) and a 12 month high of GBX 240 ($2.96). The company has a 50 day simple moving average of GBX 204.66 and a two-hundred day simple moving average of GBX 208.64. The stock has a market cap of £331.21 million and a price-to-earnings ratio of 10.98.

The firm also recently disclosed a dividend, which will be paid on Friday, July 22nd. Shareholders of record on Thursday, June 9th will be paid a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 3.19%. This is a boost 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 analysts recently commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 230 ($2.84) target price on shares of Devro in a research note on Tuesday, April 12th. Shore Capital restated a “buy” rating on shares of Devro in a research note on Thursday, April 28th.

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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