Victrex (LON:VCT) Stock Passes Above 200 Day Moving Average – What’s Next?

Victrex plc (LON:VCT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 653.32 and traded as high as GBX 821. Victrex shares last traded at GBX 816.07, with a volume of 108,163 shares changing hands.

Wall Street Analysts Forecast Growth

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

Victrex Price Performance

The stock’s fifty day moving average price is GBX 703.87 and its 200-day moving average price is GBX 654.53. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99. The firm has a market cap of £708.03 million, a price-to-earnings ratio of -36.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

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.