Victrex plc with ticker (LON:VCT) now has a potential upside of 28.0% according to Berenberg Bank.
VCT.L
Berenberg Bank set a target price of 1,290 GBX for the company, which when compared to the Victrex plc share price of 1,008 GBX at opening today (06/09/2024) indicates a potential upside of 28.0%. Trading has ranged between 967 (52 week low) and 1,577 (52 week high) with an average of 163,041 shares exchanging hands daily. The market capitalisation at the time of writing is £841,627,483.
Victrex plc is a United Kingdom-based holding company. The principal activity of the Company is the manufacture and sale of high-performance polymers. The Company develops solutions in polyetheretherketone (PEEK) and polyaryletherketone (PAEK) based polymers and selects semi-finished and finished parts. The Company operates through two segments: Sustainable Solutions and Medical. The Sustainable Solutions segment focuses on its energy and industrial, value-added resellers (VAR), automotive, aerospace and electronics markets. The Medical segment is focused on providing specialist solutions for medical device manufacturers. The Company’s subsidiaries include Victrex Manufacturing Limited, Invibio Limited, Invibio Knees Limited, Invibio Device Component Manufacturing Limited and Juvora Limited.
Victrex plc 28.0% potential upside indicated by Berenberg Bank
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- Written by: Charlotte Edwards
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Victrex plc (LON:VCT) announces interim results for the 6 months ended 31 March 2024, highlighting revenue, profit, and growth targets. CEO Jakob Sigurdsson provides insights.
Victrex plc is a world leader in high-performance polymer solutions. In their Q1 2024 statement, they report a decline in revenue and volume but highlight progress in certain end-markets. They also discuss their financial position and cost actions. CEO Jakob Sigurdsson remains optimistic about the opportunity for progress in the future.
