Victrex plc (LON:VCT) Receives Average Rating of “Hold” from Brokerages

Victrex plc (LON:VCT) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment 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 target among analysts that have covered the stock in the last year is GBX 662.86.

Several brokerages have recently issued reports on VCT. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 target price on the stock. in a report on Friday, May 15th. Jefferies Financial Group reduced their target price on Victrex from GBX 675 to GBX 595 and set a “hold” rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective on shares of Victrex from GBX 725 to GBX 625 and set a “buy” rating for the company in a research note on Wednesday, March 18th. UBS Group reissued a “sell” rating and issued a GBX 575 price objective on shares of Victrex in a research note on Monday, May 11th. Finally, Berenberg Bank dropped their price objective on shares of Victrex from GBX 695 to GBX 600 and set a “hold” rating for the company in a research note on Tuesday.

Victrex Stock Up 1.5%

LON VCT opened at GBX 620 on Friday. The stock’s 50 day moving average is GBX 613.94 and its 200 day moving average is GBX 641.25. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. Victrex has a 12 month low of GBX 515 and a 12 month high of GBX 805. The stock has a market cap of £540.17 million, a PE ratio of -27.68, a P/E/G ratio of 1.92 and a beta of 0.75.

Victrex (LON:VCT) last issued 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 firm had revenue of £147.10 million for the quarter. Research analysts predict that Victrex will post 73.1078905 EPS for the current fiscal 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.