Avon Rubber (LON:AVON) Receives Buy Rating from Peel Hunt
Peel Hunt restated their buy rating on shares of Avon Rubber (LON:AVON) in a report published on Friday, ThisIsMoney.Co.Uk reports.
Separately, Berenberg Bank lowered Avon Rubber to a hold rating and raised their price objective for the company from GBX 1,800 ($23.68) to GBX 2,300 ($30.26) in a research report on Monday, January 20th.
AVON stock traded up GBX 50 ($0.66) during trading on Friday, reaching GBX 2,730 ($35.91). The company’s stock had a trading volume of 533,512 shares, compared to its average volume of 70,346. Avon Rubber has a 1 year low of GBX 1,190 ($15.65) and a 1 year high of GBX 2,837.85 ($37.33). The company has a quick ratio of 2.24, a current ratio of 2.86 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $846.94 million and a P/E ratio of 58.71. The company’s fifty day moving average is GBX 2,563.40 and its 200-day moving average is GBX 2,029.57.
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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