Victrex plc (LON:VCT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Victrex plc (LON:VCT) have received an average rating of “Hold” from the fourteen research firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,724.25 ($22.51).
VCT has been the topic of several recent research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,100 ($27.41) price objective on shares of Victrex plc in a research note on Friday, May 27th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,500 ($19.58) price objective on shares of Victrex plc in a research note on Tuesday, May 31st. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,620 ($21.15) target price on shares of Victrex plc in a report on Monday, June 20th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,650 ($21.54) target price on shares of Victrex plc in a report on Monday, July 4th. Finally, Numis Securities Ltd cut shares of Victrex plc to an “add” rating and decreased their target price for the stock from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a report on Tuesday, July 12th.
Victrex plc (LON:VCT) traded up 2.13% during midday trading on Tuesday, hitting GBX 1533.00. 210,824 shares of the stock traded hands. The company has a 50-day moving average price of GBX 1,520.89 and a 200-day moving average price of GBX 1,516.35. Victrex plc has a 1-year low of GBX 1,275.58 and a 1-year high of GBX 1,961.00. The firm’s market cap is GBX 1.31 billion.
Victrex plc Company Profile
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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