Jefferies Financial Group Reaffirms “Hold” Rating for Victrex (LON:VCT)

Victrex (LON:VCT)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They currently have a GBX 595 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 33.43% from the stock’s previous close.

A number of other brokerages have also recently issued reports on VCT. Citigroup upped their target price on Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a research report on Friday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Finally, Berenberg Bank boosted their price objective on shares of Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research note on Friday, September 11th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 761.43.

Victrex Stock Performance

VCT opened at GBX 893.74 on Friday. The company has a market cap of £778.95 million, a PE ratio of -39.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The stock has a 50-day moving average of GBX 847.11 and a 200-day moving average of GBX 695.65. Victrex has a 52-week low of GBX 515 and a 52-week high of GBX 1,024. 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 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.