Victrex (LON:VCT) Stock Keeps “Hold” Rating at Jefferies Financial Group

Victrex (LON:VCT)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a report released on Friday, September 25th, Digital Look reports. They currently have a GBX 595 target price on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 35.11% from the stock’s previous close.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their price target on Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a report on Thursday, September 10th. Citigroup lifted their price target on shares of Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Finally, Berenberg Bank upped their target price on Victrex from GBX 680 to GBX 870 and gave the company a “hold” rating in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Victrex has an average rating of “Hold” and an average target price of GBX 807.86.

Victrex Price Performance

Shares of VCT stock traded up GBX 6 during midday trading on Friday, reaching GBX 917. 164,681 shares of the company traded hands, compared to its average volume of 1,466,961. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99. The firm’s 50 day simple moving average is GBX 862.66 and its two-hundred day simple moving average is GBX 703.90. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 1,024. The firm has a market cap of £799.22 million, a PE ratio of -40.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82.

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.