Vitec Group’s (VTC) Buy Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of Vitec Group (LON:VTC) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued research reports about the company. Shore Capital restated a buy rating on shares of Vitec Group in a report on Friday. Berenberg Bank cut their price target on Vitec Group from GBX 1,225 ($16.01) to GBX 1,050 ($13.72) and set a hold rating on the stock in a report on Monday, August 12th.

Shares of LON VTC opened at GBX 1,210 ($15.81) on Friday. The stock’s 50-day moving average is GBX 1,105.40 and its two-hundred day moving average is GBX 1,138.30. The company has a debt-to-equity ratio of 83.10, a current ratio of 2.04 and a quick ratio of 1.08. Vitec Group has a 1-year low of GBX 1,025 ($13.39) and a 1-year high of GBX 1,430 ($18.69). The company has a market cap of $547.99 million and a price-to-earnings ratio of 18.85.



The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 19th will be issued a dividend of GBX 12.30 ($0.16) per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 1.1%. Vitec Group’s dividend payout ratio (DPR) is 0.59%.

In related news, insider Richard Tyson purchased 2,654 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of GBX 1,124 ($14.69) per share, for a total transaction of £29,830.96 ($38,979.43). Also, insider Ian P. McHoul purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of GBX 1,118 ($14.61) per share, for a total transaction of £55,900 ($73,043.25).

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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