Porvair (LON:PRV) Earns Hold Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV) in a report released on Monday morning, Marketbeat Ratings reports.

Separately, Berenberg Bank initiated coverage on Porvair in a report on Thursday, May 16th. They issued a buy rating and a GBX 800 ($10.12) target price on the stock.

Porvair Stock Performance

LON:PRV opened at GBX 630 ($7.97) on Monday. The firm has a market capitalization of £292.07 million, a PE ratio of 1,800.00 and a beta of 0.76. The business’s fifty day moving average price is GBX 658.84 and its 200 day moving average price is GBX 641.93. The company has a debt-to-equity ratio of 11.52, a current ratio of 2.22 and a quick ratio of 1.22. 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 firm also recently announced a dividend, which will be paid on Wednesday, August 21st. Investors of record on Thursday, July 18th will be issued a GBX 2.10 ($0.03) dividend. This represents a yield of 0.32%. The ex-dividend date is Thursday, July 18th. Porvair’s dividend payout ratio (DPR) is presently 1,714.29%.

Insider Activity at Porvair

In other news, insider James Mills acquired 4,250 shares of the company’s stock in a transaction on Friday, April 19th. The shares were bought at an average price of GBX 620 ($7.84) per share, with a total value of £26,350 ($33,329.12). 22.91% of the stock is currently owned by corporate insiders.

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.