Victrex (LON:VCT) Price Target Raised to GBX 1,000

Victrex (LON:VCT) had its price target increased by Citigroup from GBX 700 to GBX 1,000 in a research note released on Friday morning, MarketBeat reports. The firm currently has a neutral rating on the stock.

VCT has been the topic of several other reports. Canaccord Genuity Group downgraded shares of Victrex to a “buy” rating and set a GBX 725 target price on the stock. in a research note on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a research report on Thursday. Berenberg Bank boosted their price target on shares of Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 price objective on shares of Victrex in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 761.43.

Victrex Stock Performance

LON VCT opened at GBX 966.97 on Friday. The firm has a 50 day simple moving average of GBX 793.07 and a 200-day simple moving average of GBX 675.72. The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35. Victrex has a one year low of GBX 515 and a one year high of GBX 1,024. The firm has a market cap of £842.77 million, a price-to-earnings ratio of -43.17, a PEG ratio of 1.92 and a beta of 0.82.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.