Victrex (LON:VCT) Price Target Raised to GBX 785

Victrex (LON:VCT) had its price objective raised by JPMorgan Chase & Co. from GBX 625 to GBX 785 in a research note released on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on VCT. Berenberg Bank lifted their target price on shares of Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 price target on shares of Victrex in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Victrex has an average rating of “Hold” and a consensus price target of GBX 761.43.

Victrex Stock Performance

Victrex stock opened at GBX 966.97 on Thursday. 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 moving average of GBX 793.07 and a 200-day moving average of GBX 675.79. The firm has a market cap of £842.77 million, a P/E ratio of -43.17, a P/E/G ratio of 1.92 and a beta of 0.82. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 1,024.

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.