Brokerages Set Victrex plc (LON:VCT) Price Target at GBX 761.43

Victrex plc (LON:VCT) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 761.43.

VCT has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 price target on shares of Victrex in a report on Tuesday, July 7th. Citigroup upped their price objective on Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Finally, Berenberg Bank raised their price objective on Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a report on Friday, September 11th.

Victrex Stock Up 0.1%

Victrex stock opened at GBX 955 on Friday. The stock’s fifty day simple moving average is GBX 823.02 and its 200-day simple moving average is GBX 684.73. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The firm has a market capitalization of £832.34 million, a P/E ratio of -42.63, a P/E/G ratio of 1.92 and a beta of 0.82. Victrex has a twelve month low of GBX 515 and a twelve month 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.