Devro plc (LON:DVO) Insider Malcolm Swift Purchases 6,258 Shares

Devro plc (LON:DVO) insider Malcolm Swift purchased 6,258 shares of Devro stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 159 ($2.08) per share, for a total transaction of £9,950.22 ($13,001.72).

Shares of LON DVO traded down GBX 2.80 ($0.04) during trading on Friday, hitting GBX 158.20 ($2.07). The company had a trading volume of 1,109,865 shares, compared to its average volume of 128,464. The company has a debt-to-equity ratio of 112.94, a quick ratio of 1.50 and a current ratio of 2.90. Devro plc has a 12 month low of GBX 150.80 ($1.97) and a 12 month high of GBX 222 ($2.90). The stock has a 50 day simple moving average of GBX 174.40 and a 200 day simple moving average of GBX 195.34. The firm has a market capitalization of $264.11 million and a P/E ratio of 17.38.

Several equities research analysts recently weighed in on the company. Peel Hunt reduced their price target on Devro from GBX 190 ($2.48) to GBX 180 ($2.35) and set a “hold” rating on the stock in a research note on Friday, October 25th. Shore Capital reissued a “buy” rating on shares of Devro in a research note on Tuesday, October 22nd.

About Devro

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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