Victrex plc (LON:VCT) Given Outperform Rating at Credit Suisse Group AG
Several other brokerages also recently weighed in on VCT. Liberum Capital restated a buy rating and set a GBX 2,240 ($29.25) price objective on shares of Victrex plc in a research report on Friday, June 16th. Barclays PLC restated an equal weight rating and set a GBX 1,940 ($25.33) price objective (up previously from GBX 1,600 ($20.89)) on shares of Victrex plc in a research report on Friday, April 28th. Deutsche Bank AG restated a hold rating and set a GBX 1,775 ($23.18) price objective on shares of Victrex plc in a research report on Wednesday, March 29th. Berenberg Bank boosted their price objective on shares of Victrex plc from GBX 1,800 ($23.50) to GBX 2,000 ($26.12) and gave the stock a hold rating in a research report on Tuesday, May 16th. Finally, N+1 Singer restated a hold rating and set a GBX 2,000 ($26.12) price objective on shares of Victrex plc in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,931.82 ($25.23).
Victrex plc (LON VCT) traded up 0.63% during midday trading on Friday, reaching GBX 1920.00. 258,046 shares of the company were exchanged. The firm has a 50-day moving average price of GBX 1,885.20 and a 200-day moving average price of GBX 1,925.41. Victrex plc has a 52 week low of GBX 1,422.00 and a 52 week high of GBX 2,063.00. The company’s market capitalization is GBX 1.64 billion.
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The firm also recently announced a dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 8th were issued a GBX 12.20 ($0.16) dividend. The ex-dividend date was Thursday, June 8th. This represents a dividend yield of 0.61%.
About Victrex plc
Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.
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