Published On: Tue, Sep 6th, 2016

Vectura Group PLC’s (VEC) “Buy” Rating Reaffirmed at Numis Securities Ltd

Vectura Group PLC (LON:VEC)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They presently have a GBX 246 ($3.28) price target on the stock. Numis Securities Ltd’s price target points to a potential upside of 93.70% from the company’s current price.
In related news, insider Derodra,Andrew sold 279,774 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of GBX 157 ($2.09), for a total value of £439,245.18 ($585,036.20).
A number of other analysts have also weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 200 ($2.66) target price on shares of Vectura Group PLC in a report on Tuesday, July 19th. Citigroup restated a “buy” rating and set a GBX 215 ($2.86) target price on shares of Vectura Group PLC in a report on Thursday, July 28th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 230 ($3.06) target price on shares of Vectura Group PLC in a report on Wednesday, July 6th. Stifel Nicolaus restated a “buy” rating and set a GBX 242 ($3.22) target price on shares of Vectura Group PLC in a report on Tuesday, August 30th. Finally, FinnCap restated a “buy” rating and set a GBX 225 ($3.00) target price on shares of Vectura Group PLC in a report on Tuesday, August 30th. Eight equities research analysts have rated the stock with a buy rating, Vectura Group PLC has a consensus rating of “Buy” and an average price target of GBX 221.50 ($2.95).

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/06/vectura-group-plcs-vec-buy-rating-reaffirmed-at-numis-securities-ltd/

Vectura Group PLC (LON:VEC) opened at 127.00 on Tuesday. The stock’s market capitalization is GBX 521.48 million. The company’s 50-day moving average price is GBX 145.65 and its 200 day moving average price is GBX 158.74. Vectura Group PLC has a 52-week low of GBX 122.90 and a 52-week high of GBX 200.10.
Vectura Group plc is a product development company. The Company focuses on the development of pharmaceutical therapies for the treatment of airways-related diseases (airways diseases). The Company has eight products marketed by its partners and a portfolio of drugs in clinical development, a number of which have been licensed to pharmaceutical companies.

Receive News & Ratings for Vectura Group PLC Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vectura Group PLC and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>