Victrex plc (VCT) Price Target Raised to GBX 1,945
Victrex plc (LON:VCT) had its price objective hoisted by equities research analysts at Numis Securities Ltd from GBX 1,781 ($22.04) to GBX 1,945 ($24.07) in a report released on Wednesday. The brokerage presently has an “add” rating on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 10.95% from the company’s previous close.
Several other brokerages have also recently issued reports on VCT. BNP Paribas reissued an “underperform” rating and set a GBX 1,450 ($17.95) price objective on shares of Victrex plc in a research note on Wednesday, October 5th. Jefferies Group reaffirmed a “hold” rating on shares of Victrex plc in a research report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 2,050 ($25.37) price target on shares of Victrex plc in a research report on Tuesday, August 23rd. Deutsche Bank AG decreased their price target on shares of Victrex plc from GBX 1,650 ($20.42) to GBX 1,600 ($19.80) and set a “hold” rating for the company in a research report on Wednesday, July 27th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,900 ($23.51) price target on shares of Victrex plc in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,726.54 ($21.37).
Shares of Victrex plc (LON:VCT) opened at 1751.00 on Wednesday. The stock has a 50 day moving average price of GBX 1,557.06 and a 200 day moving average price of GBX 1,515.36. Victrex plc has a 52 week low of GBX 1,275.58 and a 52 week high of GBX 1,961.00. The firm’s market capitalization is GBX 1.49 billion.
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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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