Victrex (VCT) Hits New 1-Year High at $2,632.00
Victrex plc (LON:VCT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 2,632 ($35.42) and last traded at GBX 2,626 ($35.34), with a volume of 159119 shares traded. The stock had previously closed at GBX 2,573.84 ($34.64).
VCT has been the topic of a number of recent research reports. Peel Hunt raised their target price on shares of Victrex from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) and gave the stock an “add” rating in a report on Tuesday, September 5th. Berenberg Bank raised shares of Victrex to a “buy” rating and raised their target price for the stock from GBX 2,000 ($26.92) to GBX 2,600 ($34.99) in a report on Wednesday, September 6th. Liberum Capital reissued a “buy” rating and issued a GBX 2,240 ($30.15) target price on shares of Victrex in a report on Monday, September 4th. Barclays cut their target price on shares of Victrex from GBX 2,350 ($31.63) to GBX 2,270 ($30.55) and set an “equal weight” rating on the stock in a report on Tuesday, November 28th. Finally, Deutsche Bank raised their target price on shares of Victrex from GBX 1,850 ($24.90) to GBX 2,050 ($27.59) and gave the stock a “hold” rating in a report on Tuesday, September 5th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 2,276.80 ($30.64).
The firm also recently declared a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, February 1st will be issued a dividend of GBX 109.60 ($1.48) per share. This represents a dividend yield of 4.31%. The ex-dividend date is Thursday, February 1st. This is a boost from Victrex’s previous dividend of $12.20.
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Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.
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