Vitec Group plc (LON:VTC) PT Raised to GBX 1,185 at Peel Hunt

Vitec Group plc (LON:VTC) had its price objective upped by equities researchers at Peel Hunt from GBX 1,100 ($14.32) to GBX 1,185 ($15.43) in a research note issued to investors on Thursday, July 13th. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 19.46% from the company’s previous close.

Several other brokerages also recently commented on VTC. Berenberg Bank initiated coverage on Vitec Group plc in a research report on Friday, June 2nd. They set a “buy” rating and a GBX 1,150 ($14.98) target price for the company. Canaccord Genuity upped their target price on Vitec Group plc from GBX 875 ($11.39) to GBX 1,025 ($13.35) and gave the company a “buy” rating in a research report on Thursday, May 25th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of GBX 1,077.50 ($14.03).

Vitec Group plc (LON:VTC) traded up 0.20% during trading on Thursday, reaching GBX 992.00. 8,082 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 1,003.36 and a 200 day moving average of GBX 873.76. The stock’s market capitalization is GBX 443.30 million. Vitec Group plc has a 12 month low of GBX 590.00 and a 12 month high of GBX 1,041.00.

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About Vitec Group plc

The Vitec Group plc is a United Kingdom-based company, which designs, manufactures and distributes branded products and services that enable end users to capture and share images. The Company’s Photographic Division designs, manufactures and distributes branded photographic and video equipment, such as tripods, bags, filters and lights for professional and consumer photographers.

Analyst Recommendations for Vitec Group plc (LON:VTC)

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