Canaccord raises target for Victrex stock from GBp 725.00 to GBp 1,050.00

Published on 10/13/2026 at 03:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Victrex raised fiscal 2026 profit guidance to GBP 45 million-GBP 47 million. For Victrex stock, annualized savings target GBP 10 million from 2027.

Key points in brief

Canaccord Genuity raised its Victrex target from GBp 725.00 to GBp 1,050.00 on September 29, 2026.
Victrex raised fiscal 2026 underlying profit-before-tax guidance to GBP 45 million-GBP 47 million.
The group targets at least GBP 10 million in annualized savings from fiscal 2027 and a 50.00 percent gross margin by fiscal 2031.
The latest LSE quote was GBp 926.00 on October 12, 2026, 9.57 percent below the GBp 1,024.00 52-week high.

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Canaccord Genuity raised its target for Victrex stock from GBp 725.00 to GBp 1,050.00 on September 29, 2026, according to Sharecast. The move followed Victrex's capital markets day and came as the company raised fiscal 2026 underlying profit-before-tax guidance to GBP 45 million-GBP 47 million from GBP 42 million-GBP 44 million, as reported by The Globe and Mail on September 10, 2026.

Three dates changed the case

On September 9, 2026, Victrex lifted its fiscal 2026 underlying profit-before-tax guidance to GBP 45 million-GBP 47 million from GBP 42 million-GBP 44 million, according to The Globe and Mail. On September 24, 2026, the capital markets day set a target of a 50.00 percent gross margin by fiscal 2031, according to Investing.de. On September 29, 2026, Canaccord raised its target from GBp 725.00 to GBp 1,050.00, according to Sharecast.

What do the targets require?

The strategy depends on operational savings rather than a rapid volume surge. Victrex completed a 10.00 percent headcount reduction in fiscal 2026 and is targeting at least GBP 10 million of annualized savings from fiscal 2027, according to Quartr.

That target gives the guidance increase a clear test. The company is also pursuing a high single-digit reduction in manufacturing costs and a 300 to 400 basis-point margin improvement, while keeping capital spending limited, according to Quartr.

Stock stays below its yearly high

Victrex was last at GBp 926.00 on the LSE on October 12, 2026 at 4:37 p.m. BST. The quote stood 9.57 percent below the GBp 1,024.00 52-week high and above the GBp 515.00 low, putting execution against the new targets at the center of the valuation debate.

Victrex produces high-performance polymer materials and engineered components for markets including aerospace, automotive, electronics, energy and medical applications. The company is classified in Basic Materials and the specialty chemicals industry.