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

Shares of Victrex plc (LON:VCT) hit a new 52-week low on Tuesday . The company traded as low as GBX 629 and last traded at GBX 637.21, with a volume of 462881 shares traded. The stock had previously closed at GBX 636.

Analysts Set New Price Targets

A number of analysts recently commented on VCT shares. JPMorgan Chase & Co. dropped their price target on Victrex from GBX 940 to GBX 818 and set a “neutral” rating for the company in a research note on Wednesday, July 9th. Citigroup dropped their target price on shares of Victrex from GBX 870 to GBX 740 and set a “neutral” rating for the company in a research report on Friday, July 18th. Finally, Berenberg Bank dropped their target price on shares of Victrex from GBX 990 to GBX 880 and set a “hold” rating for the company in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Victrex has an average rating of “Hold” and a consensus price target of GBX 822.

Victrex Stock Down 0.2%

The stock has a 50 day simple moving average of GBX 686.08 and a 200-day simple moving average of GBX 736.08. The firm has a market cap of £538.85 million, a PE ratio of 18.26, a PEG ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 10.93, a current ratio of 4.39 and a quick ratio of 1.99.

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.