Victrex plc (VCT) Earns Underperform Rating from BNP Paribas
Victrex plc (LON:VCT)‘s stock had its “underperform” rating reaffirmed by BNP Paribas in a report released on Wednesday. They presently have a GBX 1,450 ($18.93) price objective on the stock. BNP Paribas’ target price would indicate a potential downside of 11.80% from the company’s previous close.
Other analysts have also recently issued reports about the company. Deutsche Bank AG reduced their price target on Victrex plc from GBX 1,650 ($21.54) to GBX 1,600 ($20.89) and set a “hold” rating for the company in a report on Wednesday, July 27th. Liberum Capital reissued a “buy” rating and issued a GBX 2,100 ($27.41) price target on shares of Victrex plc in a report on Tuesday, July 26th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,900 ($24.80) price objective on shares of Victrex plc in a report on Tuesday, July 26th. JPMorgan Chase & Co. reduced their price objective on Victrex plc from GBX 1,450 ($18.93) to GBX 1,420 ($18.54) and set a “neutral” rating for the company in a report on Wednesday, July 27th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,600 ($20.89) price objective on shares of Victrex plc in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,713.92 ($22.37).
Victrex plc (LON:VCT) opened at 1635.38 on Wednesday. The firm’s market cap is GBX 1.39 billion. The stock has a 50 day moving average price of GBX 1,541.28 and a 200 day moving average price of GBX 1,514.05. Victrex plc has a 52 week low of GBX 1,275.58 and a 52 week high of GBX 1,961.00.
Victrex plc Company Profile
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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