Nplus1 Brewin Downgrades Vectura Group to Sell (VEC)
Vectura Group (LON:VEC) was downgraded by stock analysts at Nplus1 Brewin to a “sell” rating in a report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 97 ($1.55) price objective on the stock, up from their previous price objective of GBX 93 ($1.49). Nplus1 Brewin’s price target would indicate a potential downside of 16.20% from the stock’s previous close.
Vectura Group (LON:VEC) traded down 0.45% during mid-day trading on Tuesday, hitting GBX 111.50. The stock had a trading volume of 114,448 shares. Vectura Group has a 52 week low of GBX 76.00 and a 52 week high of GBX 120.00. 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 £373.7 million.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Vectura Group (LON:VEC) from GBX 113 ($1.81) to GBX 125 ($2.00) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vectura Group (LON:VEC) in a research note to investors on Friday.
Two equities research analysts have rated the stock with a sell rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 130.88 ($2.10).
Vectura Group plc (LON:VEC) is a developer of therapies principally for the treatment of respiratory diseases.
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