Vitec Group (LON:VTC) Rating Reiterated by Berenberg Bank

Vitec Group (LON:VTC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 975 ($12.83) price objective on the stock. Berenberg Bank’s price target suggests a potential downside of 8.88% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Peel Hunt reissued an “under review” rating on shares of Vitec Group in a report on Thursday, November 28th. Shore Capital reissued a “buy” rating on shares of Vitec Group in a report on Thursday, December 5th.

Shares of VTC stock opened at GBX 1,070 ($14.08) on Friday. Vitec Group has a 12-month low of GBX 960 ($12.63) and a 12-month high of GBX 1,335 ($17.56). The firm has a market capitalization of $480.53 million and a price-to-earnings ratio of 16.67. The company has a quick ratio of 1.08, a current ratio of 2.04 and a debt-to-equity ratio of 83.10. The firm has a fifty day moving average of GBX 1,067.40 and a 200-day moving average of GBX 1,140.01.

Vitec Group Company Profile

The Vitec Group plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional images for the broadcast, cinematic, video, and photographic applications worldwide. It operates through three divisions: Imaging Solutions, Production Solutions, and Creative Solutions.

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