Victrex plc (LON:VCT) Receives Consensus Rating of “Hold” from Analysts

Victrex plc (LON:VCT) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 2,525 ($32.99).

Several analysts have issued reports on VCT shares. Numis Securities raised shares of Victrex to an “add” rating and set a GBX 2,800 ($36.58) price objective for the company in a research note on Friday, June 4th. Credit Suisse Group upped their price target on shares of Victrex from GBX 2,700 ($35.28) to GBX 2,900 ($37.89) and gave the stock an “outperform” rating in a report on Wednesday, June 30th. Liberum Capital reissued a “hold” rating on shares of Victrex in a research report on Wednesday, April 7th. JPMorgan Chase & Co. upgraded Victrex to an “overweight” rating and boosted their price target for the company from GBX 2,150 ($28.09) to GBX 2,800 ($36.58) in a report on Tuesday, May 11th. Finally, Berenberg Bank upped their target price on Victrex from GBX 2,500 ($32.66) to GBX 2,600 ($33.97) and gave the stock a “hold” rating in a report on Monday, July 12th.

In related news, insider Martin Court bought 415 shares of the business’s stock in a transaction dated Monday, May 17th. The stock was acquired at an average price of GBX 2,164 ($28.27) per share, with a total value of £8,980.60 ($11,733.21). Also, insider Richard Armitage sold 1,266 shares of the company’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of GBX 2,462 ($32.17), for a total transaction of £31,168.92 ($40,722.39). Over the last quarter, insiders purchased 427 shares of company stock valued at $929,248.

Victrex stock traded up GBX 6 ($0.08) during midday trading on Thursday, reaching GBX 2,610 ($34.10). 57,055 shares of the stock traded hands, compared to its average volume of 152,704. The company has a current ratio of 5.46, a quick ratio of 3.17 and a debt-to-equity ratio of 2.97. The company has a market cap of £2.27 billion and a PE ratio of 42.16. Victrex has a 12 month low of GBX 1,798 ($23.49) and a 12 month high of GBX 2,720 ($35.54). The business’s fifty day moving average price is GBX 2,526.41.

The company also recently announced a dividend, which was paid on Wednesday, June 30th. Investors of record on Thursday, June 3rd were given a GBX 13.42 ($0.18) dividend. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, June 3rd. Victrex’s payout ratio is 0.75%.

Victrex Company Profile

Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. It offers PEEK and PAEK polymer materials; and specialist solutions for medical device manufacturers. It serves automotive, aerospace, energy, manufacturing and engineering, electronics, and medical markets. The company was incorporated in 1993 and is headquartered in Thornton Cleveleys, the United Kingdom.

Further Reading: What Does An Overweight Rating Mean?

Analyst Recommendations for Victrex (LON:VCT)

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