Victrex plc (LON:VCT) insider Richard Armitage acquired 1,010 shares of the business’s stock in a transaction that occurred on Wednesday, December 5th. The stock was bought at an average cost of GBX 2,318 ($30.29) per share, for a total transaction of £23,411.80 ($30,591.66).
VCT opened at GBX 2,294 ($29.98) on Friday. Victrex plc has a 12 month low of GBX 1,826 ($23.86) and a 12 month high of GBX 2,772 ($36.22).
The firm also recently declared a dividend, which will be paid on Friday, February 22nd. Shareholders of record on Thursday, January 31st will be given a dividend of GBX 128.82 ($1.68) per share. The ex-dividend date is Thursday, January 31st. This is a boost from Victrex’s previous dividend of $13.42. This represents a yield of 5.46%.
VCT has been the topic of several research reports. Morgan Stanley cut shares of Victrex to an “underweight” rating and cut their price objective for the company from GBX 2,500 ($32.67) to GBX 2,300 ($30.05) in a research report on Friday, October 12th. Liberum Capital reaffirmed a “buy” rating on shares of Victrex in a research report on Tuesday, October 16th. UBS Group reaffirmed a “buy” rating and issued a GBX 3,600 ($47.04) price objective (up from GBX 3,300 ($43.12)) on shares of Victrex in a research report on Thursday, October 4th. Peel Hunt reaffirmed an “add” rating on shares of Victrex in a research report on Tuesday. Finally, Barclays reaffirmed an “underweight” rating and issued a GBX 2,420 ($31.62) price objective on shares of Victrex in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,527.73 ($33.03).
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Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. It operates through two segments, Victrex Polymer Solutions and Invibio Biomaterial Solutions. The company offers VICTREX PEEK polymer materials; and biomaterial solutions for use in spine, dental, trauma, knee, cardiovascular, and orthopedic applications.
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