Victrex (VCT) Given “Hold” Rating at Peel Hunt
Other research analysts have also recently issued research reports about the stock. Berenberg Bank restated a buy rating and set a GBX 2,600 ($35.92) price objective on shares of Victrex in a report on Tuesday, December 5th. JPMorgan Chase & Co. boosted their price objective on shares of Victrex from GBX 2,250 ($31.09) to GBX 2,580 ($35.65) and gave the company a neutral rating in a report on Monday, January 8th. Liberum Capital restated a buy rating and set a GBX 2,770 ($38.27) price objective on shares of Victrex in a report on Monday, February 5th. Barclays decreased their price objective on shares of Victrex from GBX 2,350 ($32.47) to GBX 2,270 ($31.36) and set an equal weight rating for the company in a report on Tuesday, November 28th. Finally, Deutsche Bank restated a hold rating and set a GBX 2,200 ($30.40) price objective on shares of Victrex in a report on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Victrex has a consensus rating of Hold and an average price target of GBX 2,368.80 ($32.73).
Victrex (LON VCT) opened at GBX 2,496 ($34.48) on Monday. The stock has a market cap of $2,150.00 and a P/E ratio of 2,151.72. Victrex has a 1-year low of GBX 1,826 ($25.23) and a 1-year high of GBX 2,772 ($38.30).
In other news, insider Martin Court sold 441 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 2,618 ($36.17), for a total value of £11,545.38 ($15,951.06).
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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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