Victrex plc (LON:VCT) Stock Rated “Hold” by Sell-Side Analysts

Shares of Victrex plc (LON:VCT) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 807.86.

A number of analysts have recently weighed in on VCT shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 595 price target on shares of Victrex in a research note on Friday, September 25th. Canaccord Genuity Group increased their price target 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. JPMorgan Chase & Co. upped their price target on shares of Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Citigroup raised their target price on shares of Victrex from GBX 700 to GBX 1,000 and gave the company a “neutral” rating in a report on Friday, September 11th. Finally, Berenberg Bank increased their price objective on shares of Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research report on Friday, September 11th.

Victrex Stock Performance

Shares of LON VCT opened at GBX 889 on Monday. The company has a market cap of £774.84 million, a PE ratio of -39.69, 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 current ratio of 2.35 and a quick ratio of 1.99. Victrex has a 12 month low of GBX 515 and a 12 month high of GBX 1,024. The company has a 50-day simple moving average of GBX 918.60 and a 200-day simple moving average of GBX 728.97.

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.