Jefferies Financial Group Reiterates Hold Rating for Victrex (LON:VCT)

Victrex (LON:VCT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 595 price target on the stock. Jefferies Financial Group’s price target points to a potential downside of 13.93% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. 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 report on Tuesday, June 9th. UBS Group reissued a “sell” rating and set a GBX 575 price objective on shares of Victrex in a report on Monday, May 11th. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 price objective on the stock. in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 662.86.

Victrex Stock Up 18.8%

Victrex stock traded up GBX 109.27 during mid-day trading on Tuesday, hitting GBX 691.26. The company had a trading volume of 753,582 shares, compared to its average volume of 1,733,027. Victrex has a 12 month low of GBX 515 and a 12 month high of GBX 756. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The stock’s 50 day moving average price is GBX 609.24 and its two-hundred day moving average price is GBX 636.42. The company has a market capitalization of £602.26 million, a PE ratio of -30.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76.

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

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.