Victrex (LON:VCT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Victrex (LON:VCT) had its price objective boosted by equities researchers at Berenberg Bank from GBX 680 to GBX 870 in a report issued on Friday, London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 12.12% from the stock’s current price.

Several other brokerages have also recently weighed in on VCT. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 target price for the company. in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price target on Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 721.67.

Victrex Trading Down 0.8%

VCT opened at GBX 990 on Friday. The stock’s fifty day moving average is GBX 785.53 and its two-hundred day moving average is GBX 673.74. The company has a market capitalization of £862.84 million, a P/E ratio of -44.20, a PEG ratio of 1.92 and a beta of 0.82. Victrex has a 52 week low of GBX 515 and a 52 week high of GBX 1,024. The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30.

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.