Porvair (LON:PRV) gains as Deutsche Bank calls Buy, Metal Melt drives H1
Porvair plc shares closed higher Tuesday, after Deutsche Bank AG started coverage at Buy. The stock ended the day quoted at 822p to sell and 826p to buy, up 4p, or 0.49%. Earlier in the session, Porvair traded as high as 834p in London, almost 2% up, after the broker note. The broker’s 1,050p target is the main figure for the stock. That’s 28.4% above Monday’s 818p close and 14.1% higher than AJ Bell’s stated high for the year at 920p. With 46.50 million shares in issue per Hargreaves Lansdown, that difference is around £108 million in equity value.