Deutsche Bank Reiterates Buy Rating for Victrex plc (VCT)
Victrex plc (LON:VCT)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 2,050 ($34.81) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 27.57% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd cut their price target on shares of Victrex plc from GBX 1,987 ($33.74) to GBX 1,897 ($32.21) in a research note on Monday, July 21st. They now have an “add” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Victrex plc in a research note on Thursday, July 10th. They now have a GBX 2,210 ($37.53) price target on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Victrex plc in a research note on Thursday, July 10th. They now have a GBX 1,640 ($27.85) price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,726.58 ($29.32).
Victrex plc (LON:VCT) traded up 0.19% on Wednesday, hitting GBX 1607.00. The stock had a trading volume of 140,851 shares. Victrex plc has a 52 week low of GBX 1503.00 and a 52 week high of GBX 2042.00. The stock has a 50-day moving average of GBX 1658. and a 200-day moving average of GBX 1822.. The company’s market cap is £1.359 billion.
Victrex plc is a holding company. The Company is a manufacturer of high-performance polyaryletherketones, including VICTREX PEEK polymer.
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