Berenberg Bank Boosts Victrex plc (VCT) Price Target to GBX 2,000

Victrex plc (LON:VCT) had its target price upped by stock analysts at Berenberg Bank from GBX 1,800 ($22.77) to GBX 2,000 ($25.30) in a report issued on Tuesday, May 16th, MarketBeat Ratings reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 6.38% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Peel Hunt lowered shares of Victrex plc to an “add” rating and boosted their price objective for the company from GBX 1,900 ($24.04) to GBX 2,100 ($26.57) in a report on Monday, February 6th. Barclays PLC restated an “equal weight” rating and issued a GBX 1,940 ($24.54) price objective (up from GBX 1,600 ($20.24)) on shares of Victrex plc in a report on Friday, April 28th. Liberum Capital restated a “buy” rating and issued a GBX 2,240 ($28.34) price objective on shares of Victrex plc in a report on Tuesday, March 14th. N+1 Singer lowered shares of Victrex plc to a “hold” rating and set a GBX 2,000 ($25.30) price objective on the stock. in a report on Wednesday, February 8th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,980 ($25.05) price target on shares of Victrex plc in a research note on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,974 ($24.97).

Analyst Recommendations for Victrex plc (LON:VCT)

Shares of Victrex plc (VCT) traded up 2.62% during midday trading on Tuesday, reaching GBX 1880.00. 1,357,788 shares of the company’s stock were exchanged. Victrex plc has a 12-month low of GBX 1,364.00 and a 12-month high of GBX 2,063.00. The stock’s 50 day moving average is GBX 1,945.58 and its 200-day moving average is GBX 1,917.43. The stock’s market cap is GBX 1.61 billion.

The firm also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be issued a GBX 12.20 ($0.15) dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, June 8th.

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About Victrex plc

Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.

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