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

Victrex plc (LON:VCT)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 831 and last traded at GBX 830, with a volume of 110030 shares trading hands. The stock had previously closed at GBX 821.

Analyst Upgrades and Downgrades

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

Victrex Stock Performance

The company has a market cap of £719.75 million, a P/E ratio of -36.88, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company’s 50-day moving average is GBX 699.43 and its two-hundred day moving average is GBX 653.32. The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30.

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.