Victrex plc’s “Buy” Rating Reiterated at Deutsche Bank (VCT)
Victrex plc (LON:VCT)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a GBX 2,050 ($33.92) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 15.04% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank initiated coverage on shares of Victrex plc in a research note on Thursday, August 7th. They set a “buy” rating and a GBX 1,950 ($32.27) price target on the stock. Separately, analysts at Numis Securities Ltd cut their price target on shares of Victrex plc from GBX 1,897 ($31.39) to GBX 1,870 ($30.94) in a research note on Thursday, July 31st. They now have an “add” rating on the stock. Finally, 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 ($36.57) price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,743.77 ($28.86).
Shares of Victrex plc (LON:VCT) traded down 0.39% on Tuesday, hitting GBX 1775.00. 70,815 shares of the company’s stock traded hands. Victrex plc has a one year low of GBX 1533.00 and a one year high of GBX 2042.00. The stock has a 50-day moving average of GBX 1658.93 and a 200-day moving average of GBX 1808.. The company’s market cap is £1.502 billion.
Victrex plc is a holding company. The Company is a manufacturer of high-performance polyaryletherketones, including VICTREX PEEK polymer.
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