Victrex plc (VCT) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Victrex plc (LON:VCT) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,180.80 ($28.78).
A number of analysts have recently issued reports on the company. Deutsche Bank AG raised their price objective on Victrex plc from GBX 2,050 ($27.05) to GBX 2,200 ($29.03) and gave the company a “hold” rating in a research report on Thursday, September 28th. Jefferies Group LLC raised their price objective on Victrex plc from GBX 2,050 ($27.05) to GBX 2,268 ($29.93) and gave the company a “hold” rating in a research report on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 2,150 ($28.37) price objective on shares of Victrex plc in a research report on Wednesday, September 27th. Peel Hunt raised their price objective on Victrex plc from GBX 2,100 ($27.71) to GBX 2,300 ($30.35) and gave the company an “add” rating in a research report on Tuesday, September 5th. Finally, UBS AG assumed coverage on Victrex plc in a research report on Monday, August 21st. They issued a “neutral” rating and a GBX 2,050 ($27.05) price objective for the company.
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Victrex plc (LON VCT) opened at 2413.00 on Wednesday. Victrex plc has a 12 month low of GBX 1,672.00 and a 12 month high of GBX 2,472.57. The stock’s market cap is GBX 2.06 billion. The firm’s 50-day moving average is GBX 2,372.24 and its 200-day moving average is GBX 2,058.90.
About Victrex plc
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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