Victrex (LON:VCT) Stock Price Expected to Rise, Citigroup Analyst Says

Victrex (LON:VCT) had its price objective hoisted by analysts at Citigroup from GBX 700 to GBX 1,000 in a report released on Friday, London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 2.46% from the stock’s previous close.

VCT has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research report on Thursday. Canaccord Genuity Group cut shares of Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a research note on Friday, May 15th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research report on Tuesday, July 7th. Finally, Berenberg Bank raised their target price on Victrex from GBX 680 to GBX 870 and gave the company a “hold” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 761.43.

Victrex Trading Down 2.2%

Shares of Victrex stock opened at GBX 976 on Friday. The firm’s 50 day simple moving average is GBX 785.53 and its two-hundred day simple moving average is GBX 673.74. The firm has a market capitalization of £850.64 million, a price-to-earnings ratio of -43.57, a PEG ratio of 1.92 and a beta of 0.82. Victrex has a 12-month low of GBX 515 and a 12-month high of GBX 1,024. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30.

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.