Victrex (VCT) Receives Hold Rating from Deutsche Bank
Deutsche Bank restated their hold rating on shares of Victrex (LON:VCT) in a research report report published on Thursday morning. Deutsche Bank currently has a GBX 2,200 ($29.42) price objective on the stock.
A number of other brokerages have also issued reports on VCT. Berenberg Bank restated a buy rating and set a GBX 2,600 ($34.76) target price on shares of Victrex in a research report on Tuesday, December 5th. Liberum Capital raised their target price on shares of Victrex from GBX 2,440 ($32.62) to GBX 2,770 ($37.04) and gave the stock a buy rating in a research report on Monday, December 11th. Barclays lowered their target price on shares of Victrex from GBX 2,350 ($31.42) to GBX 2,270 ($30.35) and set an equal weight rating on the stock in a research report on Tuesday, November 28th. Peel Hunt lowered shares of Victrex to a hold rating and set a GBX 2,300 ($30.75) target price on the stock. in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on Victrex from GBX 2,150 ($28.75) to GBX 2,250 ($30.08) and gave the stock a neutral rating in a report on Wednesday, December 6th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 2,276.80 ($30.44).
Shares of Victrex (LON:VCT) traded up GBX 22 ($0.29) on Thursday, hitting GBX 2,682 ($35.86). 239,854 shares of the stock were exchanged, compared to its average volume of 233,630. The stock has a market capitalization of $2,310.00 and a price-to-earnings ratio of 2,312.07. Victrex has a twelve month low of GBX 1,826 ($24.42) and a twelve month high of GBX 2,706 ($36.18).
In related news, insider Martin Court sold 441 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of GBX 2,618 ($35.00), for a total transaction of £11,545.38 ($15,437.06). Over the last ninety days, insiders have purchased 15 shares of company stock valued at $37,550.
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Victrex Company Profile
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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