Deutsche Bank AG Raises Victrex plc (VCT) Price Target to GBX 2,050
Victrex plc (LON:VCT) had its price objective raised by stock analysts at Deutsche Bank AG from GBX 1,850 ($23.89) to GBX 2,050 ($26.48) in a report released on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price suggests a potential downside of 7.66% from the stock’s previous close.
Other research analysts have also issued reports about the company. Credit Suisse Group reiterated an “outperform” rating on shares of Victrex plc in a report on Friday, July 21st. J P Morgan Chase & Co upped their price target on Victrex plc from GBX 1,550 ($20.02) to GBX 1,800 ($23.25) and gave the stock a “neutral” rating in a report on Tuesday, May 16th. Jefferies Group LLC upped their price target on Victrex plc from GBX 2,050 ($26.48) to GBX 2,268 ($29.29) and gave the stock a “hold” rating in a report on Tuesday. Liberum Capital reiterated a “buy” rating and set a GBX 2,240 ($28.93) price target on shares of Victrex plc in a report on Monday. Finally, Peel Hunt reiterated an “add” rating and set a GBX 2,100 ($27.12) price target on shares of Victrex plc in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,050.67 ($26.48).
Victrex plc (VCT) opened at 2220.00 on Tuesday. The company has a 50-day moving average of GBX 2,007.47 and a 200 day moving average of GBX 1,945.64. The stock’s market cap is GBX 1.90 billion. Victrex plc has a 12-month low of GBX 1,473.00 and a 12-month high of GBX 2,230.00.
About Victrex plc
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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