Victrex (LON:VCT) Reaches New 1-Year High – What’s Next?

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

Analyst Upgrades and Downgrades

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

Victrex Stock Performance

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 company has a 50-day moving average of GBX 757.33 and a 200-day moving average of GBX 666.97. The firm has a market capitalization of £747.80 million, a price-to-earnings ratio of -38.30, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

Victrex Company Profile

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.