Investec cut shares of Avon Rubber to a hold rating in a research note issued to investors on Thursday. The firm currently has GBX 800 (US$12.07) price target on the stock.
Investec has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of Lloyds Banking Group PLC (ADR). Also, Investec downgraded shares of HSBC to a hold rating. Finally, Investec reiterated its buy rating on shares of Barclays.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a buy rating and set a GBX 760 (US$11.46) price target on shares of Avon Rubber in a research note on Thursday. Separately, analysts at WH Ireland raised their price target on shares of Avon Rubber plc from GBX 825 (US$12.44) to GBX 900 (US$13.57) and gave the company a buy rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Avon Rubber has an average rating of Buy and an average target price of GBX 780 (US$11.76).
Shares of Avon Rubber opened at 798.50 on Thursday. Avon Rubber plc has a 52-week low of GBX 580.00 and a 52-week high of GBX 810.0001. The stock has a 50-day moving average of GBX 767.4 and a 200-day moving average of GBX 689. The company’s market cap is £239.1 million.