Avon Rubber (LON:AVON) Stock Rating Reaffirmed by Peel Hunt

Avon Rubber (LON:AVON)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank cut Avon Rubber to a “hold” rating and raised their target price for the company from GBX 1,800 ($23.68) to GBX 2,300 ($30.26) in a research note on Monday, January 20th.

Shares of AVON stock opened at GBX 2,705 ($35.58) on Thursday. The stock has a 50-day simple moving average of GBX 2,403.80 and a 200 day simple moving average of GBX 1,929.20. Avon Rubber has a fifty-two week low of GBX 1,170 ($15.39) and a fifty-two week high of GBX 2,570 ($33.81). The stock has a market capitalization of $839.18 million and a P/E ratio of 58.17. The company has a quick ratio of 2.24, a current ratio of 2.86 and a debt-to-equity ratio of 0.12.

In related news, insider Miles Ingrey-Counter sold 1,063 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of GBX 2,002 ($26.34), for a total transaction of £21,281.26 ($27,994.29). Insiders have purchased 20 shares of company stock valued at $45,206 in the last ninety days.

About Avon Rubber

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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