Shore Capital restated their buy rating on shares of Devro (LON:DVO) in a research note issued to investors on Wednesday, Digital Look reports.

Separately, Peel Hunt reissued a hold rating on shares of Devro in a research report on Wednesday.

Shares of LON DVO opened at GBX 162.40 ($2.00) on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 201.29. The firm’s fifty day moving average is GBX 154.48 and its 200 day moving average is GBX 156.36. The company has a market cap of $271.13 million and a price-to-earnings ratio of -6.60. Devro has a 52 week low of GBX 1.54 ($0.02) and a 52 week high of GBX 208 ($2.56).

The firm also recently announced a dividend, which will be paid on Friday, October 2nd. Stockholders of record on Thursday, August 20th will be given a GBX 6.30 ($0.08) dividend. This represents a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, August 20th. Devro’s dividend payout ratio is presently -20.33%.

In other Devro news, insider Malcolm Swift bought 10,000 shares of Devro stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of GBX 160 ($1.97) per share, with a total value of £16,000 ($19,689.88).

Devro Company Profile

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.

Read More: What is the definition of arbitrage?

Receive News & Ratings for Devro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devro and related companies with's FREE daily email newsletter.