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

Porvair (LON:PRV)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Tuesday, Digital Look reports. They presently have a GBX 800 ($10.12) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 26.98% from the stock’s previous close.

Separately, Shore Capital restated a “hold” rating on shares of Porvair in a research note on Monday.

Porvair Stock Performance

Shares of PRV stock traded down GBX 2 ($0.03) during midday trading on Tuesday, hitting GBX 630 ($7.97). The company had a trading volume of 20,920 shares, compared to its average volume of 59,506. 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 52-week low of GBX 522 ($6.60) and a 52-week high of GBX 745.70 ($9.43). The stock 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’s 50 day simple moving average is GBX 658.60 and its 200 day simple moving average is GBX 642.01.

Insider Activity at Porvair

In other Porvair news, insider James Mills purchased 4,250 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were purchased 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.