Porvair (LON:PRV) Price Target Cut to GBX 1,000 by Analysts at Berenberg Bank

Porvair (LON:PRV) had its target price dropped by analysts at Berenberg Bank from GBX 1,050 to GBX 1,000 in a research note issued on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 11.61% from the stock’s previous close.

Porvair Price Performance

PRV stock opened at GBX 896 on Thursday. The business’s 50-day moving average is GBX 871.79 and its two-hundred day moving average is GBX 817.01. The firm has a market capitalization of £414.00 million, a P/E ratio of 22.18 and a beta of 0.52. Porvair has a 1 year low of GBX 678.82 and a 1 year high of GBX 938. The company has a debt-to-equity ratio of 14.49, a current ratio of 1.94 and a quick ratio of 1.22.

About Porvair

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. The Laboratory segment is involved in the design and manufacture of instruments and consumables for use in environmental and bioscience laboratories with a focus on water analysis instruments, diagnostics, and sample preparation equipment.