Berenberg Bank Issues Positive Forecast for Victrex (LON:VCT) Stock Price

Victrex (LON:VCT) had its target price upped by equities researchers at Berenberg Bank from GBX 600 to GBX 680 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 2.26% from the stock’s current price.

Several other research firms have also issued reports on VCT. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price target for the company. in a research report on Friday, May 15th. JPMorgan Chase & Co. lowered their target price on 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 restated a “sell” rating and set a GBX 575 target price on shares of Victrex in a report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 595 price target on shares of Victrex in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 674.29.

Victrex Stock Performance

Shares of LON VCT opened at GBX 665 on Wednesday. The stock’s 50-day moving average is GBX 610.22 and its 200 day moving average is GBX 636.63. The stock has a market cap of £579.38 million, a price-to-earnings ratio of -29.69, a P/E/G ratio of 1.92 and a beta of 0.76. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 756. 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 (LON:VCT) last posted its quarterly earnings results on Monday, May 11th. The company reported GBX 17.20 EPS for the quarter. Victrex had a negative net margin of 6.70% and a negative return on equity of 4.95%. The firm had revenue of £147.10 million for the quarter. On average, sell-side analysts anticipate 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.