Victrex plc (LON:VCT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Victrex plc (LON:VCT) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 702.86.

VCT has been the topic of a number of recent research reports. UBS Group reaffirmed a “sell” rating and set a GBX 575 price objective on shares of Victrex in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Canaccord Genuity Group cut shares of Victrex to a “buy” rating and set a GBX 725 target price for the company. in a research note on Friday, May 15th. Finally, Jefferies Financial Group cut their target price on shares of Victrex from GBX 675 to GBX 595 and set a “hold” rating for the company in a research note on Tuesday, May 12th.

Victrex Stock Down 1.6%

LON VCT opened at GBX 625 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The stock’s 50 day moving average is GBX 610.01 and its two-hundred day moving average is GBX 641.10. The company has a market capitalization of £544.53 million, a price-to-earnings ratio of -27.90, a PEG ratio of 1.92 and a beta of 0.75. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 818.

Victrex (LON:VCT) last released its quarterly earnings data on Monday, May 11th. The company reported GBX 17.20 earnings per share for the quarter. The company had revenue of £147.10 million for the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%. Equities analysts forecast that Victrex will post 73.1078905 earnings per share for the current fiscal year.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.