Vitec Group (LON:VTC) Price Target Increased to GBX 800 by Analysts at Peel Hunt

Vitec Group (LON:VTC) had its price objective lifted by Peel Hunt from GBX 690 ($8.49) to GBX 800 ($9.84) in a research report sent to investors on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on VTC. Shore Capital reaffirmed a buy rating on shares of Vitec Group in a research report on Friday, June 12th. Berenberg Bank lifted their target price on Vitec Group from GBX 570 ($7.01) to GBX 630 ($7.75) and gave the company a hold rating in a research report on Thursday, June 4th.

Shares of LON VTC opened at GBX 654 ($8.05) on Wednesday. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 73.33. The business has a fifty day simple moving average of GBX 663.42 and a two-hundred day simple moving average of GBX 768.16. The firm has a market cap of $298.31 million and a PE ratio of 14.70. Vitec Group has a twelve month low of GBX 6.56 ($0.08) and a twelve month high of GBX 1,335 ($16.43).

In other news, insider Martin Green sold 30,418 shares of Vitec Group stock in a transaction on Thursday, May 28th. The stock was sold at an average price of GBX 684 ($8.42), for a total value of £208,059.12 ($256,041.25).

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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