Victrex plc Coverage Initiated at Berenberg Bank (VCT)
Berenberg Bank assumed coverage on shares of Victrex plc (LON:VCT) in a research note issued on Thursday. The firm set a “buy” rating and a GBX 1,950 ($32.81) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 16.63% from the stock’s previous close.
Shares of Victrex plc (LON:VCT) traded up 0.36% on Thursday, hitting GBX 1671.9999. 117,376 shares of the company’s stock traded hands. Victrex plc has a one year low of GBX 1514.00 and a one year high of GBX 2042.00. The stock has a 50-day moving average of GBX 1643. and a 200-day moving average of GBX 1814.. The company’s market cap is £1.414 billion.
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 1,897 ($31.92) to GBX 1,870 ($31.47) in a research note on Thursday, July 31st. They now have an “add” rating on the stock. Separately, analysts at Barclays reiterated a “top pick” rating on shares of Victrex plc in a research note on Thursday, July 31st. They now have a GBX 2,210 ($37.19) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Victrex plc in a research note on Wednesday, July 30th. They now have a GBX 1,700 ($28.61) price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,743.77 ($29.34).
Victrex plc is a holding company. The Company is a manufacturer of high-performance polyaryletherketones, including VICTREX PEEK polymer.
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