Porvair’s (PRV) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Porvair (LON:PRV) in a research note released on Tuesday morning, Digital Look reports. The firm currently has a GBX 800 ($10.12) price objective on the stock.

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

Porvair Trading Down 0.3 %

PRV traded down GBX 2 ($0.03) on Tuesday, hitting GBX 630 ($7.97). 20,920 shares of the company were exchanged, compared to its average volume of 59,506. The company has a debt-to-equity ratio of 11.52, a quick ratio of 1.22 and a current ratio of 2.22. The firm has a fifty day simple moving average of GBX 658.60 and a two-hundred day simple moving average of GBX 642.01. The stock has a market capitalization of £292.07 million, a PE ratio of 1,800.00 and a beta of 0.76. Porvair has a 12 month low of GBX 522 ($6.60) and a 12 month high of GBX 745.70 ($9.43).

Porvair Cuts Dividend

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

Insider Buying and Selling at Porvair

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

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.