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

Victrex plc (LON:VCT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 874 and last traded at GBX 863, with a volume of 8521 shares traded. The stock had previously closed at GBX 858.56.

Analyst Upgrades and Downgrades

VCT has been the topic of a number of analyst reports. Berenberg Bank upped their target price on Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a report on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 663.33.

Victrex Stock Performance

The company has a market capitalization of £871.98 million, a PE ratio of -44.66, a PEG ratio of 1.92 and a beta of 0.82. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The firm’s 50-day simple moving average is GBX 768.89 and its 200-day simple moving average is GBX 669.30.

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.