Porvair (LON:PRV) Given Buy Rating at Berenberg Bank

Porvair (LON:PRV)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 800 ($10.12) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.98% from the company’s previous close.

Separately, Shore Capital reiterated a “hold” rating on shares of Porvair in a report on Monday.

Porvair Stock Down 0.3 %

Porvair stock traded down GBX 2 ($0.03) during trading hours on Tuesday, reaching GBX 630 ($7.97). The stock had a trading volume of 20,920 shares, compared to its average volume of 59,506. The company has a market cap of £292.07 million, a price-to-earnings ratio of 1,802.06 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 moving average price is GBX 658.60 and its 200-day moving average price is GBX 642.01. Porvair has a 52 week low of GBX 522 ($6.60) and a 52 week high of GBX 745.70 ($9.43).

Insider Activity

In related news, insider James Mills acquired 4,250 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were purchased at an average price of GBX 620 ($7.84) per share, for a total transaction of £26,350 ($33,329.12). Corporate 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.