Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Victrex (LON:VCT) Stock Price

Victrex (LON:VCT) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 850 to GBX 780 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 19.08% from the company’s previous close.

Victrex Price Performance

LON VCT traded down GBX 17 during trading hours on Tuesday, reaching GBX 655. 418,367 shares of the company’s stock were exchanged, compared to its average volume of 430,892. Victrex has a one year low of GBX 581 and a one year high of GBX 1,160. The firm has a fifty day moving average of GBX 649.39 and a 200-day moving average of GBX 706.34. The stock has a market cap of £570.19 million, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93.

Victrex (LON:VCT) last issued its earnings results on Tuesday, December 2nd. The company reported GBX 43.90 EPS for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. On average, equities research analysts predict that Victrex will post 73.1078905 earnings per share for the current fiscal 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.