Vitec Group (LON:VTC) Rating Reiterated by Peel Hunt
Peel Hunt restated their buy rating on shares of Vitec Group (LON:VTC) in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. They currently have a GBX 1,350 ($17.76) target price on the stock, down from their previous target price of GBX 1,450 ($19.07).
Other equities research analysts have also recently issued research reports about the stock. Shore Capital reaffirmed a buy rating on shares of Vitec Group in a report on Monday, February 10th. Berenberg Bank reaffirmed a hold rating and issued a GBX 975 ($12.83) price target on shares of Vitec Group in a report on Friday, January 17th.
Shares of LON VTC opened at GBX 968 ($12.73) on Wednesday. Vitec Group has a twelve month low of GBX 960 ($12.63) and a twelve month high of GBX 1,335 ($17.56). The stock’s 50 day moving average price is GBX 1,046.40 and its 200-day moving average price is GBX 1,129.46. The company has a market capitalization of $439.52 million and a PE ratio of 15.08. The company has a quick ratio of 1.08, a current ratio of 2.04 and a debt-to-equity ratio of 83.10.
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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