Devro’s (DVO) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Devro (LON:DVO) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also weighed in on the stock. Peel Hunt reiterated a hold rating on shares of Devro in a research note on Monday, July 29th. Numis Securities reiterated a buy rating and set a GBX 240 ($3.14) target price on shares of Devro in a research note on Thursday, April 25th.

Shares of DVO opened at GBX 207 ($2.70) on Wednesday. The stock has a market cap of $345.58 million and a price-to-earnings ratio of 22.75. The company has a debt-to-equity ratio of 112.94, a quick ratio of 1.50 and a current ratio of 2.90. The company’s fifty day moving average is GBX 207.97. Devro has a 1-year low of GBX 150.80 ($1.97) and a 1-year high of GBX 222 ($2.90).

The business also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, August 22nd will be paid a dividend of GBX 2.70 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.29%. Devro’s dividend payout ratio is presently 0.99%.

Devro Company Profile

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.

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