Brokerages Set Victrex plc (LON:VCT) Price Target at GBX 662.86

Shares of Victrex plc (LON:VCT) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 662.86.

Several research analysts have weighed in on the company. UBS Group reaffirmed a “sell” rating and set a GBX 575 price target on shares of Victrex in a research report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 target price on shares of Victrex in a research note on Tuesday. Berenberg Bank lowered their target price on shares of Victrex from GBX 695 to GBX 600 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price target on the stock. in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a research report on Wednesday, March 18th.

Victrex Stock Up 17.4%

Shares of LON VCT traded up GBX 101 during mid-day trading on Tuesday, hitting GBX 683. The company had a trading volume of 792,725 shares, compared to its average volume of 1,733,333. 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 50-day simple moving average of GBX 609.24 and a two-hundred day simple moving average of GBX 636.42. The company has a market capitalization of £595.06 million, a PE ratio of -30.49, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. Victrex has a one year low of GBX 515 and a one year high of GBX 756.

Victrex (LON:VCT) last released its earnings results on Monday, May 11th. The company reported GBX 17.20 earnings per share (EPS) for the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%.The business had revenue of £147.10 million for the quarter. On average, equities analysts expect that Victrex will post 73.1078905 EPS for the current year.

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.