Devro plc’s Trend Down, Especially After Today’s Weak Session

 Devro plc's Trend Down, Especially After Today's Weak Session

The stock of Devro plc (LON:DVO) is a huge mover today! The stock decreased 2.01% or GBX 3.25 on November 22, hitting GBX 158.5. About 307,780 shares traded hands or 11.83% up from the average. Devro plc (LON:DVO) has declined 38.90% since April 22, 2016 and is downtrending. It has underperformed by 43.46% the S&P500.
The move comes after 8 months negative chart setup for the GBX 264.61M company. It was reported on Nov, 22 by Barchart.com. We have GBX 144.24 PT which if reached, will make LON:DVO worth GBX 23.81 million less.

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 26 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Societe Generale maintained the stock with “Hold” rating in Friday, November 11 report. The firm earned “Buy” rating on Thursday, March 17 by Investec. The firm has “Buy” rating given on Wednesday, August 5 by Investec. The stock of Devro plc (LON:DVO) has “Buy” rating given on Tuesday, March 1 by Peel Hunt. The stock of Devro plc (LON:DVO) has “Add” rating given on Friday, November 11 by Numis Securities. BNP Paribas maintained the stock with “Neutral” rating in Thursday, August 4 report. On Tuesday, November 17 the stock rating was maintained by Shore Capital with “Hold”. The stock of Devro plc (LON:DVO) earned “Add” rating by Numis Securities on Tuesday, May 3. The stock has “Add” rating given by Numis Securities on Monday, March 7. The stock of Devro plc (LON:DVO) earned “Buy” rating by Peel Hunt on Wednesday, August 3.

Another recent and important Devro plc (LON:DVO) news was published by Fool.Co.Uk which published an article titled: “Is Devro plc’s profit warning plunge a buying opportunity?” on November 10, 2016.

Devro plc is a United Kingdom-based maker of collagen products for the food industry. The company has a market cap of 264.61 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 43.91 P/E ratio. It is engaged in the manufacture and sale of edible collagen casing, primarily for sausages.

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