Jefferies Financial Group Reaffirms “Hold” Rating for Victrex (LON:VCT)

Victrex (LON:VCT)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 595 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 33.27% from the stock’s previous close.

Several other brokerages also recently issued reports on VCT. JPMorgan Chase & Co. upped their price objective on Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Citigroup boosted their target price on shares of Victrex from GBX 700 to GBX 1,000 and gave the company a “neutral” rating in a research note on Friday, September 11th. Finally, Berenberg Bank upped their target price on shares of Victrex from GBX 680 to GBX 870 and gave the company a “hold” rating in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 761.43.

Victrex Price Performance

Shares of LON:VCT opened at GBX 891.62 on Friday. 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 business’s fifty day moving average price is GBX 843.43 and its two-hundred day moving average price is GBX 693.72. The stock has a market cap of £777.10 million, a PE ratio of -39.80, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. Victrex has a one year low of GBX 515 and a one year high of GBX 1,024.

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.