Peel Hunt Upgrades Victrex (VCT) to “Add”

Peel Hunt upgraded shares of Victrex (LON:VCT) to an add rating in a research report report published on Thursday. The firm currently has GBX 2,850 ($38.66) target price on the stock, up from their previous target price of GBX 2,400 ($32.56).

VCT has been the subject of a number of other research reports. Liberum Capital restated a buy rating and set a GBX 2,770 ($37.57) target price on shares of Victrex in a research report on Wednesday, January 24th. Berenberg Bank increased their price objective on shares of Victrex from GBX 1,320 ($17.91) to GBX 1,380 ($18.72) and gave the company a buy rating in a research report on Friday, February 23rd. Credit Suisse Group increased their price objective on shares of Victrex from GBX 2,800 ($37.98) to GBX 2,850 ($38.66) and gave the company an outperform rating in a research report on Tuesday, May 15th. Numis Securities reiterated a hold rating and set a GBX 2,550 ($34.59) price objective (up previously from GBX 2,300 ($31.20)) on shares of Victrex in a research report on Monday, February 12th. Finally, BNP Paribas reiterated an underperform rating on shares of Victrex in a research report on Thursday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 2,376.80 ($32.24).

Shares of Victrex opened at GBX 2,770 ($37.57) on Thursday, MarketBeat.com reports. Victrex has a fifty-two week low of GBX 1,826 ($24.77) and a fifty-two week high of GBX 2,772 ($37.60).

The firm also recently disclosed a dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, June 7th will be given a dividend of GBX 13.42 ($0.18) per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a yield of 0.51%.

Victrex Company Profile

Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. It operates through two segments, Victrex Polymer Solutions and Invibio Biomaterial Solutions. The company offers VICTREX PEEK polymer materials; and biomaterial solutions for use in spine, dental, trauma, knee, cardiovascular, and orthopedic applications.

Analyst Recommendations for Victrex (LON:VCT)

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