Vitec Group (LON:VTC) Price Target Lowered to GBX 1,280 at Peel Hunt
Vitec Group (LON:VTC) had its target price lowered by Peel Hunt from GBX 1,350 ($17.76) to GBX 1,280 ($16.84) in a report released on Friday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
Several other research analysts have also issued reports on the company. Shore Capital reiterated a buy rating on shares of Vitec Group in a research note on Monday, February 10th. Berenberg Bank reiterated a hold rating and set a GBX 975 ($12.83) price objective on shares of Vitec Group in a research note on Friday, January 17th.
Vitec Group stock traded down GBX 16 ($0.21) during mid-day trading on Friday, hitting GBX 900 ($11.84). 73,988 shares of the company were exchanged, compared to its average volume of 125,852. 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 business has a fifty day moving average of GBX 1,020.90 and a 200 day moving average of GBX 1,122.24. Vitec Group has a 1-year low of GBX 960 ($12.63) and a 1-year high of GBX 1,335 ($17.56). The company has a market capitalization of $410.34 million and a PE ratio of 14.02.
In related news, insider Martin Green acquired 1,172 shares of the company’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of GBX 853 ($11.22) per share, for a total transaction of £9,997.16 ($13,150.70).
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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