Jefferies Group LLC started coverage on shares of Avon Rubber plc (LON:AVON) in a research note released on Wednesday morning. The firm issued a buy rating and a GBX 1,230 ($16.18) price objective on the stock.
A number of other equities research analysts also recently commented on AVON. Peel Hunt reiterated a buy rating and set a GBX 1,200 ($15.78) price target on shares of Avon Rubber plc in a report on Monday, November 6th. N+1 Singer reiterated a buy rating and set a GBX 1,170 ($15.39) price target on shares of Avon Rubber plc in a report on Friday, September 15th.
Shares of Avon Rubber plc (LON:AVON) traded up GBX 8.06 ($0.11) during midday trading on Wednesday, hitting GBX 1,099.06 ($14.46). 25,450 shares of the stock were exchanged, compared to its average volume of 45,563. Avon Rubber plc has a 1-year low of GBX 885 ($11.64) and a 1-year high of GBX 1,159 ($15.24).
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In related news, insider Paul McDonald bought 6,170 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average cost of GBX 948 ($12.47) per share, for a total transaction of £58,491.60 ($76,932.26). Also, insider Nick Keveth bought 1,004 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of GBX 989 ($13.01) per share, with a total value of £9,929.56 ($13,060.06). Over the last 90 days, insiders purchased 7,220 shares of company stock valued at $6,887,038.
About Avon Rubber plc
Avon Rubber p.l.c. is engaged in the design, test and manufacturing specialist products from various sites. The Company operates in two segments: Protection & Defence, and Dairy. It operates out of Europe and the United States. Its Protection & Defence segment consists of a range of respiratory products.
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