Berenberg Bank Has Lowered Expectations for Victrex (LON:VCT) Stock Price

Victrex (LON:VCT) had its price target lowered by equities research analysts at Berenberg Bank from GBX 695 to GBX 600 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 1.18% from the company’s current price.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. UBS Group reaffirmed a “sell” rating and set a GBX 575 target price on shares of Victrex in a research report on Monday, May 11th. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 target price on the stock. in a research report on Friday, May 15th. Finally, Jefferies Financial Group dropped their price objective on Victrex from GBX 675 to GBX 595 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 662.86.

Victrex Trading Down 0.9%

VCT opened at GBX 593 on Tuesday. The stock has a market cap of £516.65 million, a price-to-earnings ratio of -26.47, a P/E/G ratio of 1.92 and a beta of 0.75. The stock’s 50 day moving average price is GBX 611.68 and its 200-day moving average price is GBX 641.04. Victrex has a one year low of GBX 515 and a one year high of GBX 818. The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35.

Victrex (LON:VCT) last released its earnings results on Monday, May 11th. The company reported GBX 17.20 EPS for the quarter. The firm had revenue of £147.10 million for the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%. On average, equities analysts forecast that Victrex will post 73.1078905 EPS 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.