Victrex plc (LON:VCT) Receives GBX 720.83 Average Price Target from Analysts

Victrex plc (LON:VCT) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 702.86.

VCT has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price objective on the stock. in a report on Friday. UBS Group restated a “sell” rating and issued a GBX 575 price objective on shares of Victrex in a report on Monday, May 11th. Finally, Jefferies Financial Group reduced their price objective on shares of Victrex from GBX 675 to GBX 595 and set a “hold” rating on the stock in a report on Tuesday, May 12th.

Victrex Trading Up 1.3%

Shares of VCT stock opened at GBX 588.50 on Monday. The company’s 50-day moving average price is GBX 600.81 and its 200-day moving average price is GBX 641.79. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The stock has a market cap of £512.72 million, a price-to-earnings ratio of 18.51, a PEG ratio of 1.92 and a beta of 0.75. Victrex has a twelve month low of GBX 515 and a twelve month high of GBX 833.

Victrex (LON:VCT) last announced its quarterly earnings results on Monday, May 11th. The company reported GBX 17.20 earnings per share for the quarter. The firm had revenue of £147.10 million for the quarter. Victrex had a negative net margin of 6.70% and a negative return on equity of 4.95%. As a group, equities analysts predict that Victrex will post 73.1078905 earnings per share for the current year.

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.