Vitec Group (LON:VTC) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Vitec Group (LON:VTC) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Separately, Shore Capital reaffirmed a sell rating on shares of AO World in a research note on Tuesday, June 4th.

Shares of LON VTC opened at GBX 1,070 ($13.98) on Monday. Vitec Group has a fifty-two week low of GBX 1,040 ($13.59) and a fifty-two week high of GBX 1,430 ($18.69). The firm’s 50 day simple moving average is GBX 1,123.68. The company has a market capitalization of $484.59 million and a P/E ratio of 14.15. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 60.69.

In other news, insider Ian P. McHoul purchased 5,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of GBX 1,136 ($14.84) per share, for a total transaction of £56,800 ($74,219.26).

Vitec Group Company Profile

The Vitec Group plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional images for the broadcast, cinematic, video, and photographic applications worldwide. It operates through three divisions: Imaging Solutions, Production Solutions, and Creative Solutions.

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