Victrex plc 7.4% Potential Upside Indicated by Berenberg

Broker Ratings
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Victrex plc using EPIC/TICKER code (LON:VCT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Victrex plc are listed in the Basic Materials sector within UK Main Market. Berenberg have set their target price at 2550 GBX on its stock. This would imply the analyst believes there is now a potential upside of 7.4% from the opening price of 2374 GBX. Over the last 30 and 90 trading days the company share price has decreased 26 points and decreased 320 points respectively. The 52 week high share price is 3438.06 GBX while the 52 week low for the stock is 2136 GBX.

Victrex plc has a 50 day moving average of 2,358.34 GBX and a 200 day moving average of 2,830.39. There are currently 86,199,988 shares in issue with the average daily volume traded being 340,731. Market capitalisation for LON:VCT is £2,044,663,715 GBP.

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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.

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