Victrex (LON:VCT) Receives a Lower Rating From Barclays. Will This be Detrimental to the Share Price?


Victrex (LON:VCT) Receives a Downgrade

Victrex (LON:VCT)’s rating has just been cut by equity research analysts at Barclays to a Equalweight. They now have a target price per share of GBX 2100 on VCT. This target price per share may mean a possible upside of 17.78% from the last close price of the stock.

From a total of 15 analysts covering Victrex PLC (LON:VCT) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 2117.2 with a 18.82% above today’s (GBX 1788) stock price. Victrex PLC was the topic of 32 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on December 18 to “Equal Weight” rating. JP Morgan maintained shares with “Neutral” rating and GBX 1800 target share price in a report from a December 9. Peel Hunt maintained VCT stock in a recent report from December 10 with “Buy” rating. Deutsche Bank maintained the rating on December 9. Deutsche Bank has a “Hold” rating and a GBX 2050 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a December 9.

Approximately 67,893 shares of stock traded hands. Victrex plc (LON:VCT) has declined 11.58% since May 21, 2015 and is downtrending. It has underperformed by 7.77% the S&P500.

 Victrex (LON:VCT) Receives a Lower Rating From Barclays. Will This be Detrimental to the Share Price?

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 18.26 P/E ratio. The Firm has activities in industries such as Automotive, Aerospace, Electronics, Energy and Medical.