Victrex (LON:VCT) Rating Reaffirmed
The broker has just set a TP of GBX 2050 on Victrex (LON:VCT) shares. This is 7.89% from the current price. In an interesting research report sent to clients and investors on Tuesday, 8 December, Morgan Stanley reiterated their “Equalwt/In-Line” rating on shares of VCT.
From a total of 16 analysts covering Victrex PLC (LON:VCT) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 2450 while the lowest target price is GBX 1700. The mean of all analyst targets is GBX 2136.13 with a 15.97% above today’s (GBX 1885) stock price. Victrex PLC was the topic of 24 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 1 with “Outperform” rating. Morgan Stanley maintained shares with “Equalwt/In-Line” rating and GBX 2050 target share price in a report from an October 8. N+1 Singer maintained VCT stock in a recent report from November 9 with “Hold” rating. N+1 Singer maintained the rating on October 8. N+1 Singer has a “Hold” rating and a GBX 2100 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on an October 8.
Approximately 112,440 shares of stock traded hands. Victrex plc (LON:VCT) has declined 4.91% since May 11, 2015 and is downtrending. It has underperformed by 4.32% the S&P500.
Victrex plc is a United Kingdom-based firm engaged in the manufacture of polymer solutions. The company has a market cap of 1.60 billion GBP. The Company’s products are used in smartphones, gas and oil equipment, medical devices, aeroplanes and cars. It has 19.06 P/E ratio. The Firm has activities in industries such as Automotive, Aerospace, Electronics, Energy and Medical.