Vitec Group plc Given “Hold” Rating at N+1 Singer (VTC)
Vitec Group plc (LON:VTC)‘s stock had its “hold” rating reiterated by analysts at N+1 Singer in a research report issued to clients and investors on Thursday. They currently have a GBX 720 ($12.08) price objective on the stock. N+1 Singer’s price objective would suggest a potential upside of 29.15% from the company’s current price.
Vitec Group plc (LON:VTC) opened at 557.55 on Thursday. Vitec Group plc has a 52 week low of GBX 539.00 and a 52 week high of GBX 729.50. The stock’s 50-day moving average is GBX 567.3 and its 200-day moving average is GBX 611.6. The company’s market cap is £245.2 million.
Separately, analysts at Investec cut their price target on shares of Vitec Group plc from GBX 830 ($13.92) to GBX 790 ($13.25) in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock.
The Vitec Group plc is engaged in serving customers in the broadcast and video, photographic and military, aerospace and government (LON:VTC) markets.
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