Victrex (LON:VCT - Free Report) had its target price cut by Berenberg Bank from GBX 990 ($13.28) to GBX 880 ($11.80) in a report released on Thursday morning, MarketBeat.com reports. They currently have a hold rating on the stock.
Several other research firms have also recently issued reports on VCT. Deutsche Bank Aktiengesellschaft cut Victrex to a "hold" rating and cut their target price for the stock from GBX 990 ($13.28) to GBX 850 ($11.40) in a research note on Tuesday, July 8th. Citigroup reduced their price objective on shares of Victrex from GBX 870 ($11.67) to GBX 740 ($9.93) and set a "neutral" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Victrex from GBX 940 ($12.61) to GBX 818 ($10.97) and set a "neutral" rating for the company in a research note on Wednesday, July 9th.
View Our Latest Stock Analysis on Victrex
Victrex Stock Performance
LON VCT traded up GBX 1 ($0.01) on Thursday, hitting GBX 700 ($9.39). 79,393 shares of the stock traded hands, compared to its average volume of 404,644. The business's fifty day moving average is GBX 774.97 and its two-hundred day moving average is GBX 872.95. Victrex has a 12 month low of GBX 667.62 ($8.96) and a 12 month high of GBX 1,160 ($15.56). The firm has a market capitalization of £610.63 million, a price-to-earnings ratio of 19.89, a PEG ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39.
Victrex (LON:VCT - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported GBX 22.60 ($0.30) earnings per share (EPS) for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. As a group, equities analysts anticipate that Victrex will post 73.1078905 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Dame Vivienne Cox acquired 2,747 shares of Victrex stock in a transaction dated Tuesday, July 8th. The shares were acquired at an average cost of GBX 721 ($9.67) per share, for a total transaction of £19,805.87 ($26,567.23). Also, insider David Thomas bought 1,158 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of GBX 846 ($11.35) per share, for a total transaction of £9,796.68 ($13,141.09). 1.64% of the stock is owned by corporate insiders.
About Victrex
(
Get Free Report)
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.
Further Reading
Before you consider Victrex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victrex wasn't on the list.
While Victrex currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
