Avon Rubber (LON:AVON) Given “Buy” Rating at Peel Hunt
Peel Hunt reissued their buy rating on shares of Avon Rubber (LON:AVON) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
Separately, Berenberg Bank downgraded shares of Avon Rubber to a hold rating and increased their target price for the company from GBX 1,800 ($23.68) to GBX 2,300 ($30.26) in a research report on Monday, January 20th.
LON:AVON traded up GBX 30 ($0.39) on Thursday, reaching GBX 2,705 ($35.58). 27,283 shares of the stock traded hands, compared to its average volume of 70,346. The firm has a market capitalization of $846.94 million and a price-to-earnings ratio of 58.17. The company’s 50 day moving average is GBX 2,403.80 and its 200-day moving average is GBX 1,929.20. The company has a current ratio of 2.86, a quick ratio of 2.24 and a debt-to-equity ratio of 0.12. Avon Rubber has a 1-year low of GBX 1,170 ($15.39) and a 1-year high of GBX 2,570 ($33.81).
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.
Further Reading: How is a buy-side analyst different from a sell-side analyst?
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