What Next for Devro plc Stock After Reaching 52-Week Low?

 What Next for Devro plc Stock After Reaching 52 Week Low?

The stock of Devro plc (LON:DVO) hit a new 52-week low and has GBX 147.41 target or 7.00% below today’s GBX 158.50 share price. The 6 months bearish chart indicates high risk for the GBX 264.61M company. The 1-year low was reported on Nov, 22 by Barchart.com. If the GBX 147.41 price target is reached, the company will be worth GBX 18.52 million 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 2.01% or GBX 3.25 on November 22, hitting GBX 158.5. About 295,780 shares traded hands or 7.47% 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.

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 Devro plc (LON:DVO) on Thursday, August 6 with “Hold” rating. The rating was maintained by Numis Securities with “Hold” on Tuesday, November 17. As per Tuesday, May 3, the company rating was upgraded by Numis Securities. The stock of Devro plc (LON:DVO) has “Buy” rating given on Friday, November 13 by N+1 Singer. The firm has “Buy” rating given on Thursday, March 17 by Investec. BNP Paribas maintained the stock with “Neutral” rating in Friday, November 11 report. BNP Paribas maintained Devro plc (LON:DVO) on Monday, July 27 with “Neutral” rating. As per Monday, February 22, the company rating was upgraded by Peel Hunt. The firm has “Buy” rating by Peel Hunt given on Monday, November 21. The rating was maintained by Societe Generale with “Hold” on Thursday, August 4.

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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