N+1 Singer Reaffirms Buy Rating for Victrex plc (VCT)
Victrex plc (LON:VCT)‘s stock had its “buy” rating reiterated by analysts at N+1 Singer in a research report issued on Tuesday. They currently have a GBX 1,730 ($21.41) price objective on the stock. N+1 Singer’s target price indicates a potential upside of 6.66% from the company’s current price.
A number of other analysts have also weighed in on the stock. BNP Paribas lowered shares of Victrex plc to an “underperform” rating and set a GBX 1,450 ($17.95) target price on the stock. in a report on Friday, September 16th. Numis Securities Ltd lowered shares of Victrex plc to an “add” rating and decreased their target price for the stock from GBX 1,910 ($23.64) to GBX 1,850 ($22.90) in a report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 2,050 ($25.37) target price on shares of Victrex plc in a report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,600 ($19.80) target price on shares of Victrex plc in a report on Wednesday, September 28th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 2,100 ($25.99) target price on shares of Victrex plc in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,713.92 ($21.21).
Victrex plc (LON:VCT) opened at 1737.00 on Tuesday. Victrex plc has a one year low of GBX 1,275.58 and a one year high of GBX 1,961.00. The stock’s 50 day moving average is GBX 1,551.44 and its 200-day moving average is GBX 1,514.64. The firm’s market cap is GBX 1.48 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/n1-singer-reaffirms-buy-rating-for-victrex-plc-vct.html
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.
Receive News & Ratings for Victrex plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victrex plc and related companies with MarketBeat.com's FREE daily email newsletter.