Peel Hunt Reiterates “Buy” Rating for Vitec Group plc (VTC)
Vitec Group plc (LON:VTC)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a report released on Wednesday. They presently have a GBX 750 ($9.29) price target on the stock. Peel Hunt’s target price points to a potential upside of 19.52% from the stock’s current price.
Shares of Vitec Group plc (LON:VTC) opened at 635.00 on Wednesday. The company has a 50-day moving average price of GBX 609.72 and a 200 day moving average price of GBX 562.88. Vitec Group plc has a 12-month low of GBX 485.00 and a 12-month high of GBX 640.50. The company’s market capitalization is GBX 282.64 million.
In other news, insider Rienecker,Lorraine purchased 3,248 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were acquired at an average price of GBX 609 ($7.54) per share, with a total value of £19,780.32 ($24,501.82).
About Vitec Group plc
The Vitec Group plc is a United Kingdom-based company, which designs, manufactures and supplies branded products and services to capture and share images. The Company operates through two divisions: Broadcast Division and Photographic Division. The Broadcast Division designs, manufactures and distributes branded products for broadcasting, film and video production for broadcasters and independent content creators.
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