Shore Capital Reiterates Hold Rating for Avon Protection (LON:AVON)

Shore Capital reiterated their hold rating on shares of Avon Protection (LON:AVON) in a report released on Thursday morning, Marketbeat Ratings reports.

Separately, Jefferies Financial Group restated a buy rating and set a GBX 1,295 ($16.75) target price on shares of Avon Protection in a report on Tuesday, May 21st.

Avon Protection Trading Up 1.8 %

Avon Protection stock opened at GBX 1,340 ($17.33) on Thursday. The firm has a 50 day simple moving average of GBX 1,310.04 and a 200-day simple moving average of GBX 1,143.35. The company has a debt-to-equity ratio of 61.86, a current ratio of 3.15 and a quick ratio of 0.85. The stock has a market capitalization of £402 million, a PE ratio of -3,116.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.30. Avon Protection has a 12-month low of GBX 582 ($7.53) and a 12-month high of GBX 1,408 ($18.21).

Avon Protection Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 8th will be given a $0.07 dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 0.43%. Avon Protection’s dividend payout ratio (DPR) is presently -5,348.84%.

Insiders Place Their Bets

In related news, insider Maggie Brereton bought 1,565 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was bought at an average price of GBX 1,278 ($16.53) per share, for a total transaction of £20,000.70 ($25,867.43). Insiders purchased a total of 1,599 shares of company stock worth $2,043,874 in the last quarter. 4.43% of the stock is currently owned by corporate insiders.

Avon Protection Company Profile

Avon Protection plc provides respiratory, chemical, biological, radiological, and nuclear and head protection solutions for military and first responder agencies in the United Kingdom, Europe, and the United States. The company offers respiratory products, including respirators, filters, powered and supplied air, escape hoods, underwater systems, and thermal image camera, and CBRN protective wear, as well as spares and accessories.