Rating Action: Vectura Group PLC (LON:VEC) Overweight Rating Reconfirmed by JP Morgan Cazenove; With GBX 230.00 Target

November 24, 2016 - By Richard Conner

Vectura Group PLC (LON:VEC) Rating

Research analysts at JP Morgan Cazenove have GBX 230.00 TP on Vectura Group PLC (LON:VEC). JP Morgan Cazenove’s TP gives a potential upside of 53.23% from the company’s current stock price. The rating was revealed to investors in an analyst report on 24 November.

Vectura Group PLC (LON:VEC) Ratings Coverage

Out of 8 analysts covering Vectura Group PLC (LON:VEC), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. GBX 279 is the highest target while GBX 160 is the lowest. The GBX 215.25 average target is 43.21% above today’s (GBX 150.3) stock price. Vectura Group PLC has been the topic of 59 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the stock with “Buy” rating in Wednesday, September 7 report. Cantor Fitzgerald maintained Vectura Group PLC (LON:VEC) rating on Thursday, May 26. Cantor Fitzgerald has “Hold” rating and GBX 160 price target. The firm has “Buy” rating by N+1 Singer given on Friday, October 30. The firm earned “Buy” rating on Thursday, March 24 by Numis Securities. Stifel Nicolaus maintained Vectura Group PLC (LON:VEC) on Tuesday, August 30 with “Buy” rating. The firm earned “Buy” rating on Friday, October 23 by N+1 Singer. Numis Securities maintained the shares of VEC in a report on Thursday, November 17 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, March 1. The firm has “Buy” rating given on Wednesday, January 27 by Peel Hunt. The stock of Vectura Group PLC (LON:VEC) earned “Buy” rating by Numis Securities on Thursday, July 28.

About 598,004 shares traded hands. Vectura Group PLC (LON:VEC) has declined 13.39% since April 26, 2016 and is downtrending. It has underperformed by 18.80% the S&P500.

Analysts await Vectrus Inc (NYSE:VEC) to report earnings on March, 21. They expect $0.52 EPS, down 5.45% or $0.03 from last year’s $0.55 per share. VEC’s profit will be $5.81 million for 11.04 P/E if the $0.52 EPS becomes a reality. After $0.60 actual EPS reported by Vectrus Inc for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

Vectura Group plc is engaged in research, development and commercialization of therapeutic products and drug delivery systems for human use. The company has a market cap of 1.02 billion GBP. The Company’s products include Ultibro Breezhaler and Rest of World (RoW)) – LABA-LAMA; Seebri Breezhaler (EU and RoW) – LAMA; AirFluSal Forspiro (EU and RoW) – ICS-LABA; ADVATE (Global) – Antihaemophilic Factor (Recombinant); Adept (Global) – Icodextrin; Anoro Ellipta (Global) – LAMA-LABA; Relvar Ellipta/Breo Ellipta (Global) – ICS-LABA, and Incruse Ellipta (Global) – LAMA. It has a 131.5 P/E ratio. The Company’s product pipeline includes VR588, VR475, VR647, VR942, VR179, VR736, VR096, VR876, VR315, VR506, VR632, Seebri Neohaler and VR465.

According to Zacks Investment Research, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States.”

VEC Company Profile

Vectrus, Inc., incorporated on February 4, 2014, is a well-known provider of services to the United States Government across the world. The Firm offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. The Company’s infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations. The Company’s logistics and supply chain management services support and maintain the vehicle and equipment stocks of the United States Army and Marine Corps. The Company’s information technology and network communication services consist of sustainment of communications systems, network security, systems installation and full life cycle management of information technology systems. The Firm provides global service solutions in over 130 locations and approximately 20 countries across over three continents.

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