Trading Report: Today, N+1 Singer Raises Avon Rubber plc (AVON) Price Target to GBX 1,100

Today, N+1 Singer Raises Avon Rubber plc (AVON) Price Target to GBX 1,100

Avon Rubber plc (LON:AVON) had its price target lifted by research analysts at N+1 Singer from GBX 975 ($11.88) to GBX 1,100 ($13.41) in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. N+1 Singer’s price target would indicate a potential upside of 10.00% from the stock’s previous close.

A number of other analysts have also recently commented on AVON. Peel Hunt restated a “buy” rating and issued a GBX 1,025 ($12.49) price objective on shares of Avon Rubber plc in a research report on Friday, September 9th. Panmure Gordon upped their price objective on shares of Avon Rubber plc from GBX 985 ($12.00) to GBX 1,020 ($12.43) and gave the company a “buy” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Avon Rubber plc currently has a consensus rating of “Buy” and a consensus target price of GBX 1,064 ($12.97).

Avon Rubber plc (LON:AVON) opened at 1006.50 on Tuesday. Avon Rubber plc has a 1-year low of GBX 705.50 and a 1-year high of GBX 1,180.00. The stock has a 50 day moving average price of GBX 956.76 and a 200-day moving average price of GBX 877.72. The company’s market capitalization is GBX 304.44 million.

In related news, insider Rennie ,Rob bought 708 shares of Avon Rubber plc stock in a transaction that occurred on Monday, September 5th. The stock was purchased at an average cost of GBX 842 ($10.26) per share, with a total value of £5,961.36 ($7,265.52). Also, insider Vervaat,Petrus R. M bought 1,000 shares of Avon Rubber plc stock in a transaction that occurred on Monday, September 19th. The stock was bought at an average cost of GBX 990 ($12.07) per share, with a total value of £9,900 ($12,065.81).

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