Victrex plc (VCT) Rating Lowered to Underperform at BNP Paribas
Victrex plc (LON:VCT) was downgraded by analysts at BNP Paribas to an “underperform” rating in a research report issued on Friday. They currently have a GBX 1,450 ($18.93) target price on the stock. BNP Paribas’ price target points to a potential downside of 3.40% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Numis Securities Ltd cut Victrex plc to an “add” rating and cut their target price for the company from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a research report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 2,050 ($26.76) target price on shares of Victrex plc in a research report on Tuesday, August 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,100 ($27.41) target price on shares of Victrex plc in a research report on Tuesday, July 5th. Berenberg Bank cut their target price on Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a “hold” rating on the stock in a research report on Thursday, July 21st. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,900 ($24.80) target price on shares of Victrex plc in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,713.92 ($22.37).
Shares of Victrex plc (LON:VCT) opened at 1501.00 on Friday. The firm’s market cap is GBX 1.28 billion. Victrex plc has a 12-month low of GBX 1,275.58 and a 12-month high of GBX 1,961.00. The stock has a 50 day moving average price of GBX 1,520.56 and a 200 day moving average price of GBX 1,516.31.
Victrex plc Company Profile
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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