Avon Protection (LON:AVON) Hits New 1-Year High - Here's Why

Shares of Avon Protection plc (LON:AVON - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,554 ($20.03) and last traded at GBX 1,532.52 ($19.75), with a volume of 58237 shares changing hands. The stock had previously closed at GBX 1,430 ($18.43).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "hold" rating on shares of Avon Protection in a research report on Tuesday, November 19th.

Avon Protection Trading Down 0.7 %

The firm has a market capitalization of £553.83 million, a price-to-earnings ratio of -51.04, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The business's fifty day moving average is GBX 1,478.15 and its 200 day moving average is GBX 1,350.48. The company has a quick ratio of 0.85, a current ratio of 2.27 and a debt-to-equity ratio of 47.69.

Avon Protection Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Avon Protection's previous dividend of $0.07. This represents a dividend yield of 0.97%. Avon Protection's payout ratio is currently -62.08%.

Avon Protection Company Profile

We are a world leader in protective equipment, with a reputation for innovative design, high-performance quality and specialist materials expertise. Our two businesses, Avon Protection and Team Wendy, supply our respiratory and head protection portfolio to customers across the globe from our manufacturing sites in the UK and North America. With over 900 talented people our shared purpose and core beliefs are to be #FIERCE about Protecting Lives.