Vectura Group Price Target Increased to GBX 125 by Analysts at Canaccord Genuity (VEC)
Canaccord Genuity hoisted their price objective on shares of Vectura Group (LON:VEC) from GBX 113 ($1.81) to GBX 125 ($2.00) in a research note issued on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 11.11% from the stock’s previous close.
Shares of Vectura Group (LON:VEC) opened at 111.00 on Monday. Vectura Group has a 52 week low of GBX 76.00 and a 52 week high of GBX 120.755. The stock has a 50-day moving average of GBX 102.8 and a 200-day moving average of GBX 90.80. The company’s market cap is £372.0 million.
A number of other analysts have also recently weighed in on VEC. Analysts at N+1 Singer reiterated a “hold” rating on shares of Vectura Group (LON:VEC) in a research note to investors on Monday. They now have a GBX 93 ($1.49) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vectura Group (LON:VEC) in a research note to investors on Friday. Finally, analysts at Investec reiterated a “buy” rating on shares of Vectura Group (LON:VEC) in a research note to investors on Thursday, September 5th. They now have a GBX 148 ($2.37) price target on the stock, up previously from GBX 111 ($1.78).
One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Vectura Group presently has an average rating of “Buy” and an average price target of GBX 129.63 ($2.08).
Vectura Group plc (LON:VEC) is a developer of therapies principally for the treatment of respiratory diseases.
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