Goldman Sachs Reiterates “Buy” Rating for Victrex (VCT)
Victrex (LON:VCT)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 2,240 ($36.75) price target on the stock. Goldman Sachs’ price objective would suggest a potential upside of 19.47% from the stock’s previous close.
VCT has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Victrex in a research note to investors on Wednesday, February 5th. They now have a GBX 1,980 ($32.49) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Victrex in a research note to investors on Wednesday, February 5th. They now have a GBX 1,550 ($25.43) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Victrex from GBX 1,850 ($30.35) to GBX 2,050 ($33.63) in a research note to investors on Tuesday, February 4th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,640.67 ($26.92).
Shares of Victrex (LON:VCT) traded up 0.86% during mid-day trading on Monday, hitting GBX 1875.00. 103,443 shares of the company’s stock traded hands. Victrex has a 1-year low of GBX 1459.00 and a 1-year high of GBX 1958.00. The stock’s 50-day moving average is GBX 1824. and its 200-day moving average is GBX 1656.. The company’s market cap is £1.583 billion.
Victrex plc is a holding company. The Company is a manufacturer of high-performance polyaryletherketones, including VICTREX PEEK polymer.
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