Canaccord raises Victrex stock target to GBp 1,050

Published on 09/30/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Victrex expects GBp 45 million to GBp 47 million for fiscal 2026. Victrex stock was EUR 10.95 on September 30, 2026, up 1.58 percent versus EUR 10.78.

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Victrex (ISIN GB0009292243) was trading at EUR 10.95 at Lang & Schwarz on September 30, 2026 at 4:36 p.m. CEST, plus 1.58 percent versus the prior close of EUR 10.78. The latest market signal came from Canaccord Genuity, which raised its target from GBp 725 to GBp 1,050 after Victrex's capital markets day, according to Sharecast on September 29, 2026.

Canaccord resets the valuation bar

Canaccord also reiterated its buy rating, while describing the capital markets day as a more disciplined strategy reset. Its target implies a materially higher valuation reference than the previous GBp 725 level, placing the broker's revision at the center of the latest Victrex discussion.

The capital markets day emphasized a return to core polymer activities, tighter operating discipline and a smaller role for non-core projects. Canaccord said Victrex's medium-term growth ambition of 4.00 percent to 7.00 percent compares with 0.10 percent annual growth over the past decade, according to Sharecast.

Profit guidance moved higher

Victrex expects underlying pretax profit of GBP 45 million to GBP 47 million for the fiscal year ending September 30, 2026, compared with its earlier range of GBP 42 million to GBP 44 million. The company attributed the upgraded outlook to fourth-quarter growth across aerospace, value-added resellers and electronics, as reported by LSE on September 9, 2026.

The same update said Victrex completed a 10.00 percent workforce reduction and expects at least GBP 10 million in annualized savings from its profit improvement plan in fiscal 2027. The cost action gives the higher profit range an operational counterpart rather than leaving the outlook dependent only on demand.

Stock remains below the upper range

Victrex's LSE quotation was listed at GBp 515 to GBp 1,024 for the 52-week range, with market capitalization at GBP 804.6 million on September 30, 2026. Canaccord's GBp 1,050 target sits above that range, while MarketBeat reported a consensus of one buy, five holds and one sell in its September 29, 2026 summary, alongside an average target of GBp 807.86, according to MarketBeat.

Victrex trades higher in euros

At Lang & Schwarz, Victrex was trading at EUR 10.95 on September 30, 2026 at 4:36 p.m. CEST, plus 1.58 percent versus the prior close of EUR 10.78. The reference price is an intraday euro quotation for German-market investors, while the company's primary listing is on the London Stock Exchange.