Avon Protection (LON:AVON) Stock Passes Below 200-Day Moving Average – Here’s Why

Avon Protection plc (LON:AVONGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,956.43 and traded as low as GBX 1,944. Avon Protection shares last traded at GBX 1,986, with a volume of 72,651 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Avon Protection from GBX 1,640 to GBX 2,000 and gave the company a “hold” rating in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 2,000.

Read Our Latest Stock Report on Avon Protection

Avon Protection Trading Up 1.0%

The company’s 50 day simple moving average is GBX 1,841.45 and its 200-day simple moving average is GBX 1,956.43. The firm has a market cap of £587.73 million, a P/E ratio of 59.67, a P/E/G ratio of 1.85 and a beta of 0.35. The company has a quick ratio of 0.85, a current ratio of 2.27 and a debt-to-equity ratio of 47.69.

Insider Activity

In related news, insider Rich Cashin sold 12,495 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of GBX 1,799, for a total transaction of £224,785.05. Over the last three months, insiders purchased 49 shares of company stock worth $90,525. 1.83% of the stock is currently owned by company insiders.

About Avon Protection

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Further Reading

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