Peel Hunt Reiterates “Buy” Rating for Avon Rubber plc (AVON)

Avon Rubber plc (LON:AVON)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a report issued on Monday. They presently have a GBX 1,200 ($15.78) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 26.38% from the stock’s current price.

Separately, N+1 Singer reaffirmed a “buy” rating and set a GBX 1,170 ($15.38) price target on shares of Avon Rubber plc in a research note on Friday, September 15th.

Avon Rubber plc (LON AVON) opened at 949.50 on Monday. The company’s 50-day moving average is GBX 947.30 and its 200-day moving average is GBX 1,005.80. Avon Rubber plc has a 12 month low of GBX 885.00 and a 12 month high of GBX 1,141.75. The stock’s market capitalization is GBX 288.73 million.

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In other Avon Rubber plc news, insider Chloe Ponsonby purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of GBX 1,019 ($13.40) per share, with a total value of £10,190 ($13,397.32). Also, insider Nick Keveth purchased 1,004 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of GBX 989 ($13.00) per share, with a total value of £9,929.56 ($13,054.90). Insiders have bought a total of 8,221 shares of company stock valued at $7,906,302 over the last ninety days.

About Avon Rubber plc

Avon Rubber p.l.c. is engaged in the design, test and manufacturing specialist products from various sites. The Company operates in two segments: Protection & Defence, and Dairy. It operates out of Europe and the United States. Its Protection & Defence segment consists of a range of respiratory products.

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