Victrex plc (VCT) Earns Underperform Rating from BNP Paribas
Victrex plc (LON:VCT)‘s stock had its “underperform” rating reissued by equities researchers at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 1,450 ($18.93) price objective on the stock. BNP Paribas’ price target points to a potential downside of 11.80% from the company’s previous close.
A number of other research firms also recently weighed in on VCT. Peel Hunt restated a “buy” rating and issued a GBX 1,900 ($24.80) target price on shares of Victrex plc in a research report on Wednesday, July 20th. Berenberg Bank cut their target price on Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a “hold” rating for the company in a research report on Thursday, July 21st. Numis Securities Ltd downgraded Victrex plc to an “add” rating and cut their target price for the stock from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a research report on Tuesday, July 12th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 2,050 ($26.76) target price on shares of Victrex plc in a research report on Tuesday, July 26th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 2,100 ($27.41) target price on shares of Victrex plc in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,713.92 ($22.37).
Shares of Victrex plc (LON:VCT) opened at 1635.38 on Wednesday. The stock has a 50 day moving average price of GBX 1,541.28 and a 200-day moving average price of GBX 1,514.05. The stock’s market cap is GBX 1.39 billion. Victrex plc has a 12 month low of GBX 1,275.58 and a 12 month high of GBX 1,961.00.
Victrex plc Company Profile
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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