Avon Rubber (LON:AVON) Price Target Raised to GBX 2,000 at Peel Hunt

Avon Rubber (LON:AVON) had its price objective increased by Peel Hunt from GBX 1,850 ($24.17) to GBX 2,000 ($26.13) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on AVON. Peel Hunt reiterated a buy rating and issued a GBX 1,850 ($24.17) target price on shares of Avon Rubber in a research note on Monday, September 16th. Berenberg Bank boosted their target price on shares of Avon Rubber from GBX 1,625 ($21.23) to GBX 1,800 ($23.52) and gave the company a buy rating in a research note on Friday, August 16th.

Shares of LON AVON opened at GBX 1,932 ($25.25) on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.79 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of GBX 1,747.64 and a two-hundred day simple moving average of GBX 1,543.16. Avon Rubber has a 12 month low of GBX 1,075 ($14.05) and a 12 month high of GBX 1,898 ($24.80). The stock has a market cap of $599.36 million and a price-to-earnings ratio of 42.18.

The company also recently announced a dividend, which will be paid on Friday, March 13th. Investors of record on Thursday, February 13th will be paid a GBX 13.89 ($0.18) dividend. This is a boost from Avon Rubber’s previous dividend of $6.94. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 13th. Avon Rubber’s payout ratio is currently 0.39%.

In other news, insider Chloe Ponsonby bought 1,150 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of GBX 1,706 ($22.29) per share, for a total transaction of £19,619 ($25,635.70). Over the last quarter, insiders purchased 1,175 shares of company stock valued at $2,005,660.

Avon Rubber Company Profile

Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. It operates in two segments, Avon Protection and milkrite | InterPuls. The company offers masks and filters with portfolio of respirators, filters, powered, and supplied air and long term pedigree for military contracting and supplying chain; escape hoods; underwater rebreathers; and thermal image camera technology and self-contained breathing apparatus, as well as accessories.

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