Devro (LON:DVO) Rating Reiterated by Shore Capital

Shore Capital reissued their buy rating on shares of Devro (LON:DVO – Get Rating) in a research note published on Tuesday, MarketBeat.com reports.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 230 ($2.82) price target on shares of Devro in a report on Tuesday, April 12th.

Devro Price Performance

Shares of LON DVO opened at GBX 183.60 ($2.25) on Tuesday. Devro has a 1-year low of GBX 163.46 ($2.00) and a 1-year high of GBX 240 ($2.94). The stock has a fifty day simple moving average of GBX 189.28 and a two-hundred day simple moving average of GBX 201.68. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 90.42. The firm has a market cap of £307.44 million and a price-to-earnings ratio of 1,020.00.

Insider Transactions at Devro

In related news, insider Malcolm Swift purchased 10,023 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was purchased at an average cost of GBX 200 ($2.45) per share, with a total value of £20,046 ($24,563.17).

About Devro

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Devro plc, together with its subsidiaries, manufactures and supplies collagen casings primarily in the United Kingdom. It offers edible and non-edible collagen casings, 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 distributors and agents.