Victrex plc (LON:VCT – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as GBX 754 and last traded at GBX 744.20, with a volume of 484513 shares traded. The stock had previously closed at GBX 725.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on VCT shares. UBS Group reiterated a “sell” rating and issued a GBX 575 price objective on shares of Victrex in a report on Monday, May 11th. Berenberg Bank raised their target price on Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group lowered Victrex to a “buy” rating and set a GBX 725 price target on the stock. in a research note on Friday, May 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 663.33.
View Our Latest Research Report on Victrex
Victrex Trading Up 2.6%
Victrex (LON:VCT – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported GBX 17.20 earnings per share for the quarter. Victrex had a negative net margin of 6.70% and a negative return on equity of 4.95%. The company had revenue of £147.10 million for the quarter. Research analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.
Victrex Company Profile
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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