Vitec Group’s (VTC) Buy Rating Reaffirmed at Shore Capital
Shore Capital restated their buy rating on shares of Vitec Group (LON:VTC) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also weighed in on VTC. Peel Hunt decreased their target price on Vitec Group from GBX 1,350 ($17.76) to GBX 1,280 ($16.84) and set a buy rating on the stock in a report on Friday. Berenberg Bank reissued a hold rating and set a GBX 975 ($12.83) target price on shares of Vitec Group in a report on Friday, January 17th.
Shares of VTC stock traded down GBX 16 ($0.21) during trading on Friday, reaching GBX 900 ($11.84). 73,988 shares of the company’s stock 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 stock has a market capitalization of $410.34 million and a PE ratio of 14.02. Vitec Group has a twelve month low of GBX 960 ($12.63) and a twelve month high of GBX 1,335 ($17.56). The firm’s fifty day moving average price is GBX 1,020.90 and its 200-day moving average price is GBX 1,122.24.
In other Vitec Group news, insider Martin Green bought 1,172 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of GBX 853 ($11.22) per share, with a total value of £9,997.16 ($13,150.70).
About Vitec Group
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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