Will the Recent Barclays Capital Downgrade Hurt Victrex PLC (LON:VCT) Shares This Week?


Victrex PLC (LON:VCT) Receives a Downgrade

In a comprehensive report revealed to investors and clients on Friday morning, Barclays Capital lowered their rating for shares of Victrex PLC (LON:VCT) to a Equal weight and they now have a GBX 2100.00 target on the stock. Barclays Capital’s target would indicate a possible upside of 16.99% from the last stock close price of Victrex PLC (LON:VCT).

From a total of 15 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 2300 while the lowest target price is GBX 1850. The mean of all analyst targets is GBX 2119.87 with a 19.15% above today’s (GBX 1795) stock price. Victrex PLC was the topic of 31 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 10 with “Buy” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 2050 target share price in a report from a December 9. Liberum Capital maintained VCT stock in a recent report from December 10 with “Buy” rating. Morgan Stanley maintained the rating on December 8. Morgan Stanley has a “Equalwt/In-Line” rating and a GBX 2050 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a December 9.

The stock decreased 0.77% or GBX 14 on December 17, striking GBX 1795. Approximately 278,700 shares of stock traded hands or 38.54% up from the average. Victrex plc (LON:VCT) has declined 11.58% since May 21, 2015 and is downtrending. It has underperformed by 9.31% the S&P500.

 Will the Recent Barclays Capital Downgrade Hurt Victrex PLC (LON:VCT) Shares This Week?

Victrex plc is a United Kingdom-based firm engaged in the manufacture of polymer solutions. The company has a market cap of 1.54 billion GBP. The Company’s products are used in smartphones, gas and oil equipment, medical devices, aeroplanes and cars. It has 18.33 P/E ratio. The Firm has activities in industries such as Automotive, Aerospace, Electronics, Energy and Medical.