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Deutsche Bank raises Victrex earnings forecasts but keeps 'hold' rating with target below current share price.

Company Fundamentals
10 Sep 2026, 16:34 WIB
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Bullish
Deutsche Bank raises Victrex earnings forecasts but keeps 'hold' rating with target below current share price.

Deutsche Bank has increased its earnings forecasts for Victrex PLC following the company's upgraded profit guidance for 2026. Despite the improved outlook and a raised price target from 600p to 830p, the bank maintained a 'hold' rating as the target remains 17% below the current share price of 1,001.50p. Victrex expects underlying pre-tax profits between £45 million and £47 million for 2026, up from previous estimates, driven by strong growth in aerospace, electronics, and Asia Pacific markets. The company is also benefiting from a £10 million cost-saving program, with positive momentum expected to continue into 2027.

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