Victrex plc (LON:VCT) Stock Has Average Target Price of GBX 807.86 According to Analysts

Key Points

• Victrex has a consensus “Hold” rating from seven analysts: five holds, one sell and one buy. The average 12-month price target is GBX 807.86.
• Analyst targets were mixed but generally increased, ranging from GBX 595 at Jefferies to GBX 1,050 at Canaccord Genuity, which upgraded the shares to “Buy.”
• Victrex shares opened at GBX 901, near the upper end of their 52-week range of GBX 515 to GBX 1,024; the company has a market capitalization of approximately £785.3 million.

Shares of Victrex plc (LON:VCT - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 807.86.

Several equities analysts recently weighed in on VCT shares. Berenberg Bank lifted their target price on Victrex from GBX 680 to GBX 870 and gave the company a "hold" rating in a research report on Friday, September 11th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 595 price target on shares of Victrex in a report on Friday, September 25th. Canaccord Genuity Group increased their target price on shares of Victrex from GBX 725 to GBX 1,050 and gave the company a "buy" rating in a research report on Tuesday, September 29th. Citigroup lifted their price target on shares of Victrex from GBX 700 to GBX 1,000 and gave the stock a "neutral" rating in a research note on Friday, September 11th. Finally, JPMorgan Chase & Co. raised their price objective on Victrex from GBX 625 to GBX 785 and gave the company a "neutral" rating in a research note on Thursday, September 10th.

Victrex Stock Down 0.2%

Victrex stock opened at GBX 901 on Monday. Victrex has a fifty-two week low of GBX 515 and a fifty-two week high of GBX 1,024. The stock has a market cap of £785.28 million, a PE ratio of -40.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35. The firm's 50-day simple moving average is GBX 910.57 and its 200 day simple moving average is GBX 723.72.

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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