Victrex (LON:VCT) Sets New 52-Week Low - Should You Sell?

Key Points

• Victrex plc's stock has hit a new 52-week low, trading as low as GBX 662 ($8.80) and closing at GBX 663 ($8.82).
• Multiple analysts have downgraded Victrex's stock rating to "Hold" and reduced their target prices, reflecting a consensus price target of GBX 822.
• The company has a high P/E ratio of 1,929.20, indicating potential overvaluation despite its market cap of £569.32 million.

Victrex plc (LON:VCT - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 662 ($8.80) and last traded at GBX 663 ($8.82), with a volume of 52143 shares changing hands. The stock had previously closed at GBX 672 ($8.94).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VCT shares. Citigroup decreased their price objective on Victrex from GBX 870 to GBX 740 and set a "neutral" rating for the company in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on Victrex from GBX 940 to GBX 818 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Berenberg Bank reduced their target price on Victrex from GBX 990 to GBX 880 and set a "hold" rating for the company in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Victrex to a "hold" rating and reduced their target price for the stock from GBX 990 to GBX 850 in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 822.

Victrex Trading Down 2.7%

The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93. The firm has a 50-day moving average of GBX 704.95 and a 200 day moving average of GBX 759.75. The company has a market cap of £569.32 million, a P/E ratio of 1,929.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

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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