Victrex (LON:VCT) Sets New 52-Week Low - Here's Why

Key Points

• Victrex plc's stock hit a new 52-week low at GBX 634 ($8.50), a decline from its previous close of GBX 643 ($8.62).
• Major analysts, including Berenberg Bank and Deutsche Bank, have downgraded their price targets for Victrex, with a consensus rating now at "Hold" and an average price target of GBX 822.
• The company has a market capitalization of £553.65 million and notable financial ratios, including a high PE ratio of 1,876.11 and a debt-to-equity ratio of 10.93.

Victrex plc (LON:VCT - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 634 ($8.50) and last traded at GBX 634 ($8.50), with a volume of 206106 shares traded. The stock had previously closed at GBX 643 ($8.62).

Wall Street Analyst Weigh In

Several brokerages have weighed in on VCT. Berenberg Bank reduced their price objective on Victrex from GBX 990 to GBX 880 and set a "hold" rating on the stock in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft cut Victrex to a "hold" rating and reduced their price objective for the stock from GBX 990 to GBX 850 in a research note on Tuesday, July 8th. Citigroup reduced their price objective on Victrex from GBX 870 to GBX 740 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Victrex from GBX 940 to GBX 818 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Victrex has a consensus rating of "Hold" and an average price target of GBX 822.

Victrex Stock Up 0.3%

The company has a 50-day simple moving average of GBX 702.05 and a 200-day simple moving average of GBX 752.49. The firm has a market cap of £553.65 million, a PE ratio of 1,876.11, a price-to-earnings-growth 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.

About Victrex

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.

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