Shore Capital reaffirmed their hold rating on shares of Porvair (LON:PRV – Free Report) in a research report sent to investors on Monday morning, MarketBeat Ratings reports.
Separately, Berenberg Bank started coverage on shares of Porvair in a research note on Thursday, May 16th. They set a buy rating and a GBX 800 ($10.12) price objective on the stock.
Get Our Latest Research Report on Porvair
Porvair Stock Up 1.6 %
Porvair Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Investors of record on Thursday, July 18th will be given a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 0.32%. Porvair’s dividend payout ratio is presently 1,714.29%.
Insiders Place Their Bets
In other Porvair news, insider James Mills acquired 4,250 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of GBX 620 ($7.84) per share, with a total value of £26,350 ($33,329.12). 22.91% of the stock is owned by insiders.
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.
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