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).
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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.
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