Victrex plc (VCT) Rating Lowered to Underperform at BNP Paribas
Victrex plc (LON:VCT) was downgraded by research analysts at BNP Paribas to an “underperform” rating in a research report issued to clients and investors on Friday. They presently have a GBX 1,450 ($18.93) target price on the stock. BNP Paribas’ price objective indicates a potential downside of 3.40% from the company’s previous close.
Other analysts have also recently issued reports about the company. Numis Securities Ltd cut Victrex plc to an “add” rating and dropped their price objective for the stock from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a report on Tuesday, July 12th. Peel Hunt reissued a “buy” rating and set a GBX 1,900 ($24.80) price objective on shares of Victrex plc in a report on Tuesday, July 26th. Liberum Capital reissued a “buy” rating and set a GBX 2,100 ($27.41) price objective on shares of Victrex plc in a report on Tuesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,600 ($20.89) price target on shares of Victrex plc in a research note on Wednesday, July 27th. Finally, Berenberg Bank lowered their price target on Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a “hold” rating for the company in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,713.92 ($22.37).
Victrex plc (LON:VCT) opened at 1501.00 on Friday. Victrex plc has a 52-week low of GBX 1,275.58 and a 52-week high of GBX 1,961.00. The stock’s 50 day moving average is GBX 1,520.56 and its 200 day moving average is GBX 1,516.31. The company’s market cap is GBX 1.28 billion.
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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