Several other equities research analysts have also recently weighed in on the company. Numis Securities Ltd cut Victrex plc to an add rating and reduced their price target for the stock from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a research note on Tuesday, July 12th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 2,050 ($26.76) price target on shares of Victrex plc in a research note on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 1,600 ($20.89) price target on shares of Victrex plc in a research note on Wednesday, September 28th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,100 ($27.41) price target on shares of Victrex plc in a research note on Tuesday, July 5th. Finally, Berenberg Bank reduced their price target on Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a hold rating on the stock in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 1,713.92 ($22.37).
Shares of Victrex plc (LON:VCT) opened at 1657.85 on Wednesday. Victrex plc has a one year low of GBX 1,275.58 and a one year high of GBX 1,961.00. The company has a 50-day moving average price of GBX 1,549.39 and a 200 day moving average price of GBX 1,516.12. The stock’s market cap is GBX 1.41 billion.
About Victrex plc
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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