Victrex plc (LON:VCT) Stock Has Average Target Price of GBX 807.86

Shares of Victrex plc (LON:VCT) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 807.86.

A number of equities research analysts have issued reports on VCT shares. JPMorgan Chase & Co. increased their target price on shares of Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Citigroup lifted their price target on Victrex from GBX 700 to GBX 1,000 and gave the company a “neutral” rating in a research note on Friday, September 11th. Canaccord Genuity Group boosted their price objective on shares of Victrex from GBX 725 to GBX 1,050 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 595 price objective on shares of Victrex in a research report on Friday, September 25th. Finally, Berenberg Bank lifted their target price on shares of Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research note on Friday, September 11th.

Victrex Price Performance

VCT stock opened at GBX 887 on Monday. The company has a market capitalization of £773.10 million, a PE ratio of -39.60, a P/E/G ratio of 1.92 and a beta of 0.76. Victrex has a 12-month low of GBX 515 and a 12-month high of GBX 1,024. 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 business’s fifty day moving average price is GBX 918.60 and its 200 day moving average price is GBX 728.97.

About Victrex

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.