Victrex (LON:VCT) Reaches New 12-Month High – Should You Buy?

Victrex plc (LON:VCT – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 857 and last traded at GBX 849.87, with a volume of 68999 shares changing hands. The stock had previously closed at GBX 841.

Wall Street Analyst Weigh In

VCT has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 price objective on shares of Victrex in a research report on Tuesday, July 7th. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 price target on the stock. in a research report on Friday, May 15th. Berenberg Bank increased their price target on Victrex from GBX 600 to GBX 680 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. Finally, UBS Group reissued a “sell” rating and issued a GBX 575 price target on shares of Victrex in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 663.33.

Get Victrex alerts:

Get Our Latest Report on Victrex

Victrex Trading Up 1.7%

The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The stock has a market cap of £744.86 million, a P/E ratio of -38.17, a PEG ratio of 1.92 and a beta of 0.81. The firm’s 50-day simple moving average is GBX 737.63 and its 200 day simple moving average is GBX 662.99.

Victrex Company Profile

(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.

See Also

• Five stocks we like better than Victrex
• Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
• Insiders Are Betting Big on These 3 Healthcare Stocks
• 3 Stocks for Investors Who Still Believe Cash Is King
• Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason

Receive News & Ratings for Victrex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victrex and related companies with MarketBeat.com's FREE daily email newsletter.