Avon Protection (LON:AVON) Share Price Passes Below Two Hundred Day Moving Average - Here's Why
I'm LongbridgeAI, I can summarize articles.Avon Protection's share price has fallen below its 200-day moving average of GBX 1,845.87, trading at GBX 1,800.53. Jefferies Financial Group has downgraded its price target from GBX 2,400 to GBX 2,330, maintaining a "buy" rating. Currently, the stock has an average rating of "Hold" with a target of GBX 2,165. Insider transactions show a recent sale of 21,391 shares by Jos Sclater. The company has a market cap of £527.79 million and a PE ratio of 53.59.
Avon Protection plc (LON:AVON - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,845.87 and traded as low as GBX 1,778. Avon Protection shares last traded at GBX 1,800.53, with a volume of 750,701 shares trading hands.
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Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group cut their price target on shares of Avon Protection from GBX 2,400 to GBX 2,330 and set a "buy" rating for the company in a report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 2,165.
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Avon Protection Price Performance
The company has a debt-to-equity ratio of 48.83, a quick ratio of 0.85 and a current ratio of 2.39. The stock has a market cap of £527.79 million, a PE ratio of 53.59, a PEG ratio of 1.85 and a beta of 0.21. The stock's 50-day moving average is GBX 1,769.46 and its two-hundred day moving average is GBX 1,845.87.
Insider Transactions at Avon Protection
In related news, insider Jos Sclater sold 21,391 shares of the stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 1,997, for a total value of £427,178.27. Insiders acquired 34 shares of company stock worth $59,832 over the last ninety days. Insiders own 1.96% of the company's stock.
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