Posts in LSE:VCT

Victrex revenue up but consumer electronics business struggles

Polymer solutions business Victrex (VCT) increased third quarter revenue by 26% to £76.3 million with group sales volumes up 6% to 1,022 tonnes.

Year to date, group revenue is £207.3 million, up 17% year-on-year.

The company said the second half sees a tougher volume comparative, but its core business has remained in good growth, with automotive, electronics (ex-consumer) and value added resellers being notably strong.

Consumer electronics volumes were lower than the prior year.

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Top ranked shares for the future

After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

2 growth dividend stocks at the top of my buy list

Most investors know and understandably love companies such as Rightmove or Auto Trader that offer high growth, astronomical margins and plenty of potential for stellar returns in the long run. But these aren't the only two companies fulfilling these criteria.

Broker Forecast - Deutsche Bank issues a broker note on Victrex PLC

Deutsche Bank today reaffirms its hold investment rating on Victrex PLC (LON:VCT) and raised its price target to 1850p (from 1775p).

Broker Forecast - JP Morgan Cazenove issues a broker note on Victrex PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Victrex PLC (LON:VCT) and raised its price target to 1800p (from 1550p).

Broker Forecast - Berenberg issues a broker note on Victrex PLC

Berenberg today reaffirms its hold investment rating on Victrex PLC (LON:VCT) and raised its price target to 2000p (from 1800p).

2 hot growth stocks I would consider buying right now

Beating the stock market is never easy. However, with the FTSE 100 trading at a new all-time high, finding stocks which offer above-average growth at reasonable prices is becoming more challenging. Despite this, growth stocks which appear to be undervalued are still in existence for investors who are willing to scour the markets looking for them. Here are two prime examples which could deliver index-beating returns in 2017 and beyond.

Victrex says H1 pretax profit up 5%

Victrex said its H1 pretax profit was up 5% to £50.1m, from £47.5m, with its overall expectations for the FY unchanged.

The specialist in high-performance polymer solutions said it sold 1859 tonnes in the half, from 1770 tonnes previously.

Group revenue was £130.9m, from £117.0m.

Interim dividend was 12.2p a share, up from 11.73p.

"Whilst we delivered a strong first half performance and the Group continues to be highly cash generative, we note that there is potential for variability in the scale of Consumer Electronics volumes during the second half, with visibility

Broker Forecast - Barclays Capital issues a broker note on Victrex PLC

Barclays Capital today reaffirms its equal weight investment rating on Victrex PLC (LON:VCT) and set its price target at 1940p.

Broker Forecast - Barclays Capital issues a broker note on Victrex PLC

Barclays Capital today reaffirms its equal weight investment rating on Victrex PLC (LON:VCT) and raised its price target to 1940p (from 1600p).