Berenberg Bank Issues Positive Forecast for Victrex (LON:VCT) Stock Price

Victrex (LON:VCT) had its target price upped by Berenberg Bank from GBX 600 to GBX 680 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also recently issued reports on VCT. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 price objective on the stock. in a research note on Friday, May 15th. UBS Group reaffirmed a “sell” rating and set a GBX 575 target price on shares of Victrex in a research report on Monday, May 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 595 target price on shares of Victrex in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 674.29.

Victrex Price Performance

Shares of LON:VCT opened at GBX 660 on Wednesday. The company has a market capitalization of £575.02 million, a PE ratio of -29.46, a PEG ratio of 1.92 and a beta of 0.76. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 756. The business has a fifty day moving average price of GBX 610.80 and a 200-day moving average price of GBX 636.72. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99.

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