Peel Hunt Boosts Vitec Group plc (VTC) Price Target to GBX 1,185
Vitec Group plc (LON:VTC) had its target price lifted by Peel Hunt from GBX 1,100 ($14.36) to GBX 1,185 ($15.47) in a research report released on Thursday morning. They currently have a buy rating on the stock.
A number of other analysts have also weighed in on VTC. Canaccord Genuity increased their price objective on shares of Vitec Group plc from GBX 875 ($11.43) to GBX 1,025 ($13.38) and gave the stock a buy rating in a research note on Thursday, May 25th. Berenberg Bank assumed coverage on shares of Vitec Group plc in a research note on Friday, June 2nd. They issued a buy rating and a GBX 1,150 ($15.02) price objective on the stock. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of GBX 1,077.50 ($14.07).
Shares of Vitec Group plc (VTC) opened at 1013.00 on Thursday. The company’s market cap is GBX 452.66 million. The stock’s 50 day moving average is GBX 979.84 and its 200-day moving average is GBX 797.89. Vitec Group plc has a 12 month low of GBX 505.00 and a 12 month high of GBX 1,041.00.
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Vitec Group plc Company Profile
The Vitec Group plc is a United Kingdom-based company, which designs, manufactures and distributes branded products and services that enable end users to capture and share images. The Company operates through two divisions: Broadcast Division and Photographic Division. The Broadcast Division designs, manufactures and distributes branded products for broadcasters, film and video production companies, independent content creators and enterprises.
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