On Thursday Numis downgraded its broker consensus on shares of Devro PLC (LON:DVO) giving the company a ‘Hold’ rating.
Numis gave shares of Devro PLC a price target of 209 indicating a potential increase of 4.61% from Devro PLC’s current price of 199.8.
In the prior 12 months Devro PLC’s stock price has decreased by -25.57% from 268.45 to 199.8.
Devro PLC has 166,933,000 shares in issue which have a share price of 199.8 giving Devro PLC a market capitalisation of 333.53M GBp .
The 52 week high of Devro PLC’s shares is 320 whilst the 52 week low for the company’s shares is 139.34. The 50 day moving average of LON:DVO is 168.72 and the 200 day moving average is 224.09.
Devro plc is a United Kingdom-based manufacturer of collagen products for the food industry. The Company operates through three segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia, and Europe, which includes Continental Europe, the United Kingdom, Ireland and Africa. It is engaged in the manufacture and sale of edible collagen casing, primarily for sausages. Its casing products include Cutisin 014, Cutisin SPR, Devro Fresh Butchers, Devro Fresh Link, Devro Fresh Porcine, Devro Fresh Porcine, Devro Fresh Premium, Devro Processed Rondo, Edicol A, Edicol T, Ralex Mini Ralen and Ralex Mini Smoke. The Company’s subsidiaries include Devro (Scotland) Limited, Devro New Holdings Limited, Devro Acquisition Corp, Devro Asia Limited, Devro Inc, Devro s.r.o, Devro Trading (Beijing) Co. Limited and Devro (Nantong) Technology Co. Limited.