Victrex (LON:VCT) Sets New 12-Month High – Here’s What Happened

Victrex plc (LON:VCT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 841 and last traded at GBX 818, with a volume of 44791 shares trading hands. The stock had previously closed at GBX 820.

Analysts Set New Price Targets

Several research firms have recently weighed in on VCT. UBS Group reissued a “sell” rating and set a GBX 575 target price on shares of Victrex in a research report on Monday, May 11th. Berenberg Bank raised their price target on Victrex from GBX 600 to GBX 680 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 target price on shares of Victrex in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group cut shares of Victrex to a “buy” rating and set a GBX 725 price target for the company. in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Victrex presently has a consensus rating of “Hold” and a consensus target price of GBX 663.33.

Victrex Stock Performance

The stock has a market cap of £720.53 million, a P/E ratio of -36.92, a PEG ratio of 1.92 and a beta of 0.81. The business has a 50 day moving average price of GBX 715.71 and a 200 day moving average price of GBX 657.93. The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.