Victrex plc Stock News

Victrex PLC (LSE:VCT) drew higher earnings forecasts from Deutsche Bank following a profit guidance upgrade, but the bank's increased price target still trails the shares. The shares traded at 1,001.50p, down 1% in morning trading, while Deutsche Bank kept its 'hold' rating and raised its target to 830p from 600p.

Victrex PLC (LSE:VCT) has spent much of the past seven years falling short of the standards it set during its heyday, but Stifel believes the specialist polymer maker is approaching an inflection point under new chief executive Jakob Sigurd Routh. The broker initiated coverage with a 'buy' rating and a 750p price target, arguing that with the FTSE 250 group's earnings at the lowest level since ...