Vectura Group Rating Reiterated by Citigroup Inc. (VEC)
Vectura Group (LON:VEC)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 142 ($2.29) target price on the stock. Citigroup Inc.’s price objective suggests a potential upside of 27.58% from the company’s current price.
Vectura Group (LON:VEC) traded down 1.78% during mid-day trading on Wednesday, hitting GBX 110.25. 28,433 shares of the company’s stock traded hands. Vectura Group has a one year low of GBX 76.00 and a one year 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 £369.5 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vectura Group (LON:VEC) in a research note to investors on Tuesday. Separately, analysts at N+1 Singer downgraded shares of Vectura Group (LON:VEC) from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, September 24th. They now have a GBX 97 ($1.57) price target on the stock, up previously from GBX 93 ($1.50). Finally, analysts at Nplus1 Brewin downgraded shares of Vectura Group (LON:VEC) to a “sell” rating in a research note to investors on Tuesday, September 24th. They now have a GBX 97 ($1.57) price target on the stock, up previously from GBX 93 ($1.50). Two equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Vectura Group presently has a consensus rating of “Buy” and an average target price of GBX 130.88 ($2.11).
Vectura Group plc (LON:VEC) is a developer of therapies principally for the treatment of respiratory diseases.
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