Victrex (LON:VCT) Sets New 12-Month High – What’s Next?

Victrex plc (LON:VCT)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 831 and last traded at GBX 830, with a volume of 110030 shares. The stock had previously closed at GBX 821.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Berenberg Bank increased their price objective on Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a report on Wednesday, July 8th. Canaccord Genuity Group downgraded Victrex to a “buy” rating and set a GBX 725 target price for the company. in a research report on Friday, May 15th. UBS Group restated a “sell” rating and issued a GBX 575 target price on shares of Victrex in a research note on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 price target on shares of Victrex in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 663.33.

Victrex Price Performance

The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30. The stock has a market cap of £719.75 million, a P/E ratio of -36.88, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The business’s 50-day simple moving average is GBX 699.43 and its two-hundred day simple moving average is GBX 653.32.

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.