BNP Paribas Reiterates “Underperform” Rating for Victrex plc (VCT)
Victrex plc (LON:VCT)‘s stock had its “underperform” rating reiterated by research analysts at BNP Paribas in a note issued to investors on Wednesday. They currently have a GBX 1,450 ($18.93) price objective on the stock. BNP Paribas’ price objective would indicate a potential downside of 12.55% from the stock’s current price.
Several other research analysts have also recently commented on the stock. 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. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 2,050 ($26.76) target price on shares of Victrex plc in a report on Tuesday, August 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 1,600 ($20.89) target price on shares of Victrex plc in a report on Wednesday, September 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 2,100 ($27.41) target price on shares of Victrex plc in a report on Tuesday, July 5th. Finally, Berenberg Bank decreased their target price on shares of Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a “hold” rating for the company in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,713.92 ($22.37).
Victrex plc (LON:VCT) traded up 0.30% during midday trading on Wednesday, hitting GBX 1658.00. 330,479 shares of the stock traded hands. The company has a 50-day moving average price of GBX 1,549.39 and a 200-day moving average price of GBX 1,516.12. The firm’s market cap is GBX 1.41 billion. Victrex plc has a 1-year low of GBX 1,275.58 and a 1-year high of GBX 1,961.00.
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About Victrex plc
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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