Victrex plc (VCT) Receives GBX 2,046.18 Consensus Price Target from Analysts
Shares of Victrex plc (LON:VCT) have received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,100.73 ($27.13).
VCT has been the topic of several research analyst reports. Berenberg Bank raised their target price on Victrex plc from GBX 1,800 ($23.25) to GBX 2,000 ($25.83) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,850 ($23.89) target price on shares of Victrex plc in a research report on Friday, June 30th. Peel Hunt raised their target price on Victrex plc from GBX 2,100 ($27.12) to GBX 2,300 ($29.70) and gave the stock an “add” rating in a research report on Tuesday. Liberum Capital reissued a “buy” rating and set a GBX 2,240 ($28.93) target price on shares of Victrex plc in a research report on Monday. Finally, UBS AG initiated coverage on Victrex plc in a research report on Monday, August 21st. They set a “neutral” rating and a GBX 2,050 ($26.48) target price on the stock.
Victrex plc (LON:VCT) traded down 0.38% during trading on Tuesday, hitting GBX 2333.00. 304,389 shares of the stock traded hands. Victrex plc has a 12 month low of GBX 1,473.00 and a 12 month high of GBX 2,356.00. The company’s 50 day moving average price is GBX 2,050.46 and its 200 day moving average price is GBX 1,956.43. The company’s market cap is GBX 1.99 billion.
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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