Victrex (LON:VCT) Hits New 1-Year Low – Time to Sell?

Victrex plc (LON:VCT) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 629 and last traded at GBX 637.21, with a volume of 462881 shares. The stock had previously closed at GBX 636.

Analyst Upgrades and Downgrades

VCT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Victrex to a “hold” rating and lowered their price target for the stock from GBX 990 to GBX 850 in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their target price on shares of Victrex from GBX 940 to GBX 818 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Berenberg Bank cut their price target on Victrex from GBX 990 to GBX 880 and set a “hold” rating on the stock in a report on Thursday, July 17th. Finally, 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. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 822.

Victrex Trading Up 0.2%

The company’s 50-day moving average is GBX 691.33 and its 200 day moving average is GBX 738.94. 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 market cap of £554.71 million, a PE ratio of 18.80, a P/E/G 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.