Porvair (LON:PRV) Rating Reiterated by Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Porvair (LON:PRV) in a research report report published on Tuesday, Digital Look reports. The brokerage currently has a GBX 800 ($10.12) price target on the stock.

Separately, Shore Capital reissued a hold rating on shares of Porvair in a research report on Monday.

Porvair Stock Down 0.3 %

LON PRV traded down GBX 2 ($0.03) during trading on Tuesday, hitting GBX 630 ($7.97). The company’s stock had a trading volume of 20,920 shares, compared to its average volume of 59,506. Porvair has a fifty-two week low of GBX 522 ($6.60) and a fifty-two week high of GBX 745.70 ($9.43). The company has a market cap of £292.07 million, a PE ratio of 1,800.00 and a beta of 0.76. The company has a debt-to-equity ratio of 11.52, a current ratio of 2.22 and a quick ratio of 1.22. The business’s 50 day simple moving average is GBX 658.60 and its 200-day simple moving average is GBX 642.01.

Porvair Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Thursday, July 18th will be paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date is Thursday, July 18th. This represents a yield of 0.32%. Porvair’s payout ratio is presently 1,714.29%.

Insider Transactions at Porvair

In other Porvair news, insider James Mills acquired 4,250 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average cost of GBX 620 ($7.84) per share, with a total value of £26,350 ($33,329.12). Company insiders own 22.91% of the company’s stock.

Porvair Company Profile

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.