Victrex plc (LON:VCT) Receives Average Rating of “Hold” from Analysts

Victrex plc (LON:VCT) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One investment 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 1 year price objective among brokers that have covered the stock in the last year is GBX 761.43.

Several research analysts recently commented on VCT shares. Berenberg Bank raised their target price on Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research report on Friday. Citigroup raised their price objective on shares of Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 595 target price on shares of Victrex in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased 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.

Victrex Price Performance

Shares of LON:VCT opened at GBX 966.97 on Friday. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 1,024. The firm has a market capitalization of £842.77 million, a PE ratio of -43.17, a PEG ratio of 1.92 and a beta of 0.82. The business’s 50 day moving average is GBX 793.07 and its 200-day moving average is GBX 675.79. The company has a current ratio of 2.35, a quick ratio of 1.99 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.