Victrex plc (LON:VCT) Given Consensus Recommendation of “Hold” by Brokerages

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

VCT has been the subject of several research reports. Canaccord Genuity Group downgraded shares of Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a research report on Friday, May 15th. Berenberg Bank boosted their target price on shares of Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Jefferies Financial Group restated a “hold” rating and set a GBX 595 price objective on shares of Victrex in a research report on Tuesday, July 7th. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 575 target price on shares of Victrex in a research note on Monday, May 11th.

Victrex Price Performance

LON:VCT opened at GBX 821.06 on Wednesday. The stock has a market capitalization of £715.35 million, a PE ratio of -36.65, a P/E/G ratio of 1.92 and a beta of 0.81. The firm has a fifty day simple moving average of GBX 699.43 and a 200 day simple moving average of GBX 653.32. Victrex has a 1-year low of GBX 515 and a 1-year high of GBX 831. 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 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.