Avon Technologies (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE Small Cap

1,402.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,538.00p
  • 52 Week Low: 1,080.00p
  • Currency: UK Pounds
  • Shares Issued: 30.26m
  • Volume: 1,943
  • Market Cap: £424.22m
  • RiskGrade: 186
  • Beta: 0.01

Berenberg slashes target price on Avon Rubber amid 'a year to forget'

By Iain Gilbert

Date: Thursday 26 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg slashed their target price on safety equipment supplier Avon Protection from 2,955.0p to 1,740.0p on Thursday after the group cut its full-year guidance by roughly 40%.

Berenberg stated that if 2020 was "a year to remember" for Avon Protection, then the 2021 trading year had certainly been "a year to forget".

With several challenges coming to the fore, Avon "materially downgraded" its full-year 2021 and full-year 2022 guidance and while Berenberg noted that if its full-year 2023 numbers can be achieved, the stock still trades at "an undemanding" 16.5x price-to-earnings ratio for a 4.0% free cash flow yield.

However, the German bank said it was still seeking greater clarity that these earnings will be delivered before turning more positive.

"As a result, we maintain our 'hold' rating with Avon remaining a least preferred name for 2021," said Berenberg.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AVON Market Data

Currency UK Pounds
Share Price 1,402.00p
Change Today -8.00p
% Change -0.57 %
52 Week High 1,538.00p
52 Week Low 1,080.00p
Volume 1,943
Shares Issued 30.26m
Market Cap £424.22m
Beta 0.01
RiskGrade 186

AVON Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.73% below the market average98.73% below the market average98.73% below the market average98.73% below the market average98.73% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
86.24% above the market average86.24% above the market average86.24% above the market average86.24% above the market average86.24% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average88.87% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Growth
19.15% above the market average19.15% above the market average19.15% above the market average19.15% above the market average19.15% above the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AVON Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Feb-25 08-Aug-24
Paid 07-Mar-25 06-Sep-24
Amount 16.10¢ 7.20¢

Trades for 02-Apr-2025

Time Volume / Share Price
09:30 300 @ 1,404.00p
09:30 21 @ 1,402.00p
09:30 24 @ 1,402.00p
09:30 56 @ 1,402.00p
09:30 13 @ 1,402.00p

AVON Key Personnel

CFO Rich Cashin

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