Victrex plc’s (VCT) “Buy” Rating Reaffirmed at Peel Hunt
Victrex plc (LON:VCT)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 1,900 ($23.51) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 17.14% from the stock’s current price.
A number of other brokerages have also commented on VCT. BNP Paribas reiterated an “underperform” rating and set a GBX 1,450 ($17.95) price target on shares of Victrex plc in a report on Wednesday, October 5th. Berenberg Bank dropped their price target on Victrex plc from GBX 1,620 ($20.05) to GBX 1,510 ($18.69) and set a “hold” rating on the stock in a report on Thursday, July 21st. Numis Securities Ltd lowered Victrex plc to an “add” rating and lowered their target price for the company from GBX 1,910 ($23.64) to GBX 1,850 ($22.90) in a research note on Tuesday, July 12th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 2,050 ($25.37) target price on shares of Victrex plc in a research note on Tuesday, July 26th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 2,100 ($25.99) target price on shares of Victrex plc in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,713.92 ($21.21).
Shares of Victrex plc (LON:VCT) opened at 1774.00 on Tuesday. The company’s market capitalization is GBX 1.51 billion. The company’s 50 day moving average price is GBX 1,551.44 and its 200 day moving average price is GBX 1,514.64. Victrex plc has a 12 month low of GBX 1,275.58 and a 12 month 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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