Berenberg Bank Issues Pessimistic Forecast for Victrex (LON:VCT) Stock Price

Victrex (LON:VCT - Get Free Report) had its price target dropped by equities research analysts at Berenberg Bank from GBX 990 ($13.29) to GBX 880 ($11.82) in a report released on Thursday,Digital Look reports. The firm currently has a "hold" rating on the stock. Berenberg Bank's price target suggests a potential upside of 24.70% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered shares of Victrex to a "hold" rating and cut their target price for the company from GBX 990 ($13.29) to GBX 850 ($11.41) in a research note on Tuesday, July 8th. JPMorgan Chase & Co. cut their price objective on Victrex from GBX 940 ($12.62) to GBX 818 ($10.98) and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Finally, Citigroup decreased their target price on Victrex from GBX 870 ($11.68) to GBX 740 ($9.94) and set a "neutral" rating for the company in a research report on Friday.

Victrex Trading Up 1.1%

VCT traded up GBX 7.70 ($0.10) on Thursday, hitting GBX 705.70 ($9.48). 243,926 shares of the company were exchanged, compared to its average volume of 406,447. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. Victrex has a 12 month low of GBX 667.62 ($8.96) and a 12 month high of GBX 1,160 ($15.58). The firm has a fifty day simple moving average of GBX 779.09 and a two-hundred day simple moving average of GBX 878.30. The stock has a market capitalization of £615.60 million, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

Victrex (LON:VCT - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported GBX 22.60 ($0.30) EPS for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. Sell-side analysts expect that Victrex will post 73.1078905 earnings per share for the current year.

Insider Activity

In other Victrex news, insider David Thomas purchased 1,158 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of GBX 846 ($11.36) per share, for a total transaction of £9,796.68 ($13,155.20). Also, insider Dame Vivienne Cox purchased 2,747 shares of Victrex stock in a transaction on Tuesday, July 8th. The stock was bought at an average price of GBX 721 ($9.68) per share, with a total value of £19,805.87 ($26,595.77). Company insiders own 1.64% of the company's stock.

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.

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