Victrex plc (LON:VCT) Receives Consensus Rating of “Hold” from Analysts

Victrex plc (LON:VCT) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 663.33.

A number of research firms have recently issued reports on VCT. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 target price on shares of Victrex in a report on Tuesday, July 7th. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price target on the stock. in a research report on Friday, May 15th. UBS Group reaffirmed a “sell” rating and set a GBX 575 price objective on shares of Victrex in a research note on Monday, May 11th. Finally, Berenberg Bank increased their price objective on shares of Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a report on Wednesday, July 8th.

Victrex Stock Up 2.6%

Shares of VCT opened at GBX 744.20 on Friday. The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35. Victrex has a one year low of GBX 515 and a one year high of GBX 756. The stock has a market capitalization of £648.39 million, a price-to-earnings ratio of -33.22, a PEG ratio of 1.92 and a beta of 0.77. The stock has a 50 day moving average price of GBX 638.05 and a 200 day moving average price of GBX 641.47.

Victrex (LON:VCT) last posted its quarterly earnings data on Monday, May 11th. The company reported GBX 17.20 EPS for the quarter. The firm had revenue of £147.10 million during the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%. Equities research analysts forecast that Victrex will post 73.1078905 earnings per share 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.