Royal Bank of Canada Upgrades Vectura Group (VEC) to Sector Performer
Royal Bank of Canada upgraded shares of Vectura Group (LON:VEC) to a sector performer rating in a research note issued to investors on Thursday. Royal Bank of Canada currently has GBX 119 ($1.60) target price on the stock.
Other equities analysts also recently issued reports about the stock. Numis Securities restated a buy rating and set a GBX 205 ($2.76) target price on shares of Vectura Group in a report on Thursday, October 5th. Panmure Gordon reaffirmed a buy rating on shares of Vectura Group in a research note on Wednesday, August 30th. Shore Capital reaffirmed a buy rating on shares of Vectura Group in a research note on Wednesday, August 16th. Citigroup decreased their price target on shares of Vectura Group from GBX 200 ($2.69) to GBX 180 ($2.42) and set a buy rating on the stock in a research note on Monday, September 18th. Finally, Peel Hunt reaffirmed a hold rating and set a GBX 160 ($2.15) price target on shares of Vectura Group in a research note on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 177.89 ($2.39).
Vectura Group (VEC) opened at GBX 106 ($1.43) on Thursday. Vectura Group has a twelve month low of GBX 86.50 ($1.16) and a twelve month high of GBX 166.97 ($2.25).
Vectura Group plc is engaged in research, development and commercialization of therapeutic products and drug delivery systems for human use. The Company’s products include Ultibro Breezhaler (European Union (EU) and Rest of World (RoW)) – LABA-LAMA; Seebri Breezhaler (EU and RoW) – LAMA; AirFluSal Forspiro (EU and RoW) – ICS-LABA; ADVATE (Global) – Antihaemophilic Factor (Recombinant); Adept (Global) – Icodextrin; Anoro Ellipta (Global) – LAMA-LABA; Relvar Ellipta/Breo Ellipta (Global) – ICS-LABA, and Incruse Ellipta (Global) – LAMA.
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