Victrex plc (LON:VCT) Receives Consensus Recommendation of “Hold” from Brokerages

Victrex plc (LON:VCT) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 662.86.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group cut shares of Victrex to a “buy” rating and set a GBX 725 target price for the company. in a research note on Friday, May 15th. JPMorgan Chase & Co. reduced their target price on shares of Victrex from GBX 725 to GBX 625 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Berenberg Bank reduced their target price on shares of Victrex from GBX 695 to GBX 600 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Jefferies Financial Group reduced their target price on shares of Victrex from GBX 675 to GBX 595 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Finally, UBS Group reiterated a “sell” rating and issued a GBX 575 target price on shares of Victrex in a research note on Monday, May 11th.

Victrex Stock Up 0.3%

VCT stock opened at GBX 579 on Tuesday. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99. Victrex has a 52-week low of GBX 515 and a 52-week high of GBX 805. The company has a 50-day moving average of GBX 615.15 and a two-hundred day moving average of GBX 638.69. The stock has a market capitalization of £504.45 million, a price-to-earnings ratio of -25.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76.

Victrex (LON:VCT) last released its earnings results on Monday, May 11th. The company reported GBX 17.20 earnings per share for the quarter. Victrex had a negative net margin of 6.70% and a negative return on equity of 4.95%. The business had revenue of £147.10 million during the quarter. As a group, equities research analysts anticipate that Victrex will post 73.1078905 EPS for the current year.

Victrex Company Profile

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.