Avon Rubber (LON:AVON) Rating Lowered to Hold at Berenberg Bank

Berenberg Bank lowered shares of Avon Rubber (LON:AVON) to a hold rating in a research report sent to investors on Monday morning, Digital Look reports. They currently have GBX 2,300 ($30.26) target price on the stock, up from their prior target price of GBX 1,800 ($23.68).

Separately, Peel Hunt boosted their target price on shares of Avon Rubber from GBX 2,000 ($26.31) to GBX 2,500 ($32.89) and gave the stock a buy rating in a report on Friday, January 3rd.

AVON opened at GBX 2,355 ($30.98) on Monday. Avon Rubber has a fifty-two week low of GBX 1,075 ($14.14) and a fifty-two week high of GBX 2,570 ($33.81). The company has a debt-to-equity ratio of 0.12, a current ratio of 2.86 and a quick ratio of 2.24. The firm has a market capitalization of $730.60 million and a price-to-earnings ratio of 50.65. The company’s 50 day moving average price is GBX 2,177.34 and its two-hundred day moving average price is GBX 1,797.61.

The firm also recently announced a dividend, which will be paid on Friday, March 13th. Shareholders of record on Thursday, February 13th will be issued a dividend of GBX 13.89 ($0.18) per share. This represents a yield of 0.73%. This is a positive change from Avon Rubber’s previous dividend of $6.94. The ex-dividend date is Thursday, February 13th. Avon Rubber’s payout ratio is presently 0.45%.

In other Avon Rubber news, insider Miles Ingrey-Counter sold 1,063 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of GBX 2,002 ($26.34), for a total transaction of £21,281.26 ($27,994.29). Insiders have acquired a total of 22 shares of company stock worth $44,362 over the last three months.

Avon Rubber Company Profile

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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