Devro plc (LON:DVO) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 208.33 ($2.72).
DVO has been the subject of several research reports. Peel Hunt reaffirmed a “hold” rating on shares of Devro in a research note on Wednesday, February 6th. Kepler Capital Markets reaffirmed a “buy” rating on shares of Devro in a research note on Tuesday, December 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Devro in a research note on Tuesday, February 26th.
In related news, insider Rutger Helbing purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of GBX 185 ($2.42) per share, with a total value of £13,875 ($18,130.15).
Devro (LON:DVO) last issued its quarterly earnings results on Tuesday, February 26th. The company reported GBX 14.60 ($0.19) EPS for the quarter, beating analysts’ consensus estimates of GBX 14.10 ($0.18) by GBX 0.50 ($0.01).
The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be issued a dividend of GBX 6.30 ($0.08) per share. This represents a dividend yield of 3.42%. The ex-dividend date is Thursday, March 28th. This is a positive change from Devro’s previous dividend of $2.70. Devro’s dividend payout ratio (DPR) is presently 1.22%.
Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular 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 agents and distributors under the Devro, Cutisin, Edicol, and Ralex names.
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