Could Devro plc Gain Strenght? The Stock Reaches 52-Week Low

 Could Devro plc Gain Strenght? The Stock Reaches 52 Week Low

The stock of Devro plc (LON:DVO) hit a new 52-week low and has GBX 159.06 target or 12.00% below today’s GBX 180.75 share price. The 5 months bearish chart indicates high risk for the GBX 302.98 million company. The 1-year low was reported on Nov, 11 by If the GBX 159.06 price target is reached, the company will be worth GBX 36.36M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.21% or GBX 6 on November 11, hitting GBX 180.75. About 1.35 million shares traded hands or 651.95% up from the average. Devro plc (LON:DVO) has declined 33.36% since April 14, 2016 and is downtrending. It has underperformed by 39.51% the S&P500.

Devro plc (LON:DVO) Ratings Coverage

Out of 8 analysts covering Devro PLC (LON:DVO), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Devro PLC has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. N+1 Singer maintained the shares of DVO in a report on Monday, January 4 with “Buy” rating. The firm has “Buy” rating given on Tuesday, January 19 by Investec. The firm has “Buy” rating given on Wednesday, August 3 by Peel Hunt. The stock of Devro plc (LON:DVO) earned “Buy” rating by Investec on Thursday, March 17. Numis Securities downgraded the stock to “Add” rating in Friday, November 11 report. The firm earned “Buy” rating on Wednesday, August 5 by Investec. N+1 Singer maintained Devro plc (LON:DVO) on Friday, November 13 with “Buy” rating. The firm has “Neutral” rating given on Monday, July 27 by BNP Paribas. Investec maintained Devro plc (LON:DVO) on Tuesday, November 17 with “Buy” rating. BNP Paribas maintained the shares of DVO in a report on Thursday, August 4 with “Neutral” rating.

Another recent and important Devro plc (LON:DVO) news was published by Fool.Co.Uk which published an article titled: “Are Devro plc And Cranswick plc Better Buys Than Centrica PLC And SSE PLC?” on August 05, 2015.

Devro plc is a United Kingdom-based maker of collagen products for the food industry. The company has a market cap of 302.98 million GBP. The Firm operates through three divisions: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia, and Europe, which includes Continental Europe, the United Kingdom, Ireland and Africa. It has a 50.07 P/E ratio. It is engaged in the manufacture and sale of edible collagen casing, primarily for sausages.

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