Victrex (VCT) Rating Reiterated by Berenberg Bank
Victrex (LON:VCT)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Tuesday. They currently have a GBX 2,600 ($34.99) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 2.67% from the stock’s current price.
Several other analysts have also recently weighed in on VCT. Peel Hunt boosted their price objective on Victrex from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) and gave the stock an “add” rating in a report on Tuesday, September 5th. Liberum Capital reissued a “buy” rating and set a GBX 2,240 ($30.15) price objective on shares of Victrex in a report on Monday, September 4th. Barclays dropped their price objective on Victrex from GBX 2,350 ($31.63) to GBX 2,270 ($30.55) and set an “equal weight” rating for the company in a report on Tuesday, November 28th. Deutsche Bank boosted their price objective on Victrex from GBX 1,850 ($24.90) to GBX 2,050 ($27.59) and gave the stock a “hold” rating in a report on Tuesday, September 5th. Finally, Jefferies Group boosted their price objective on Victrex from GBX 2,050 ($27.59) to GBX 2,268 ($30.52) and gave the stock a “hold” rating in a report on Tuesday, September 5th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 2,248.91 ($30.27).
Victrex (LON VCT) traded up GBX 141.33 ($1.90) during trading on Tuesday, hitting GBX 2,532.33 ($34.08). The company had a trading volume of 497,875 shares, compared to its average volume of 243,192. Victrex has a fifty-two week low of GBX 1,720 ($23.15) and a fifty-two week high of GBX 2,607 ($35.09).
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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