Victrex plc (VCT) Receives Average Recommendation of “Hold” from Brokerages
Shares of Victrex plc (LON:VCT) have been assigned a consensus recommendation of “Hold” from the eleven 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 two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 1,987.78 ($25.86).
VCT has been the topic of several recent analyst reports. Peel Hunt downgraded shares of Victrex plc to an “add” rating and increased their price objective for the company from GBX 1,900 ($24.72) to GBX 2,100 ($27.32) in a report on Monday, February 6th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,240 ($29.14) price objective on shares of Victrex plc in a report on Thursday, April 6th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,940 ($25.24) price objective (up from GBX 1,600 ($20.81)) on shares of Victrex plc in a report on Friday, April 28th. N+1 Singer downgraded shares of Victrex plc to a “hold” rating and set a GBX 2,000 ($26.02) price objective on the stock. in a report on Wednesday, February 8th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,980 ($25.76) price objective on shares of Victrex plc in a report on Monday, January 30th.
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Shares of Victrex plc (LON:VCT) opened at 1965.00 on Friday. The firm has a 50-day moving average of GBX 1,954.97 and a 200 day moving average of GBX 1,897.65. Victrex plc has a 52 week low of GBX 1,364.00 and a 52 week high of GBX 2,063.00. The stock’s market cap is GBX 1.68 billion.
The firm also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be paid a GBX 12.20 ($0.16) dividend. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, June 8th.
Victrex plc Company Profile
Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.
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