Victrex (VCT) Hits New 52-Week High at $2,648.00

Victrex plc (LON:VCT)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 2,648 ($35.41) and last traded at GBX 2,633 ($35.21), with a volume of 0 shares changing hands. The stock had previously closed at GBX 2,633 ($35.21).

VCT has been the subject of several analyst reports. Peel Hunt raised their price target on shares of Victrex from GBX 2,100 ($28.08) to GBX 2,300 ($30.75) and gave the company an “add” rating in a research report on Tuesday, September 5th. Berenberg Bank raised shares of Victrex to a “buy” rating and raised their price target for the company from GBX 2,000 ($26.74) to GBX 2,600 ($34.76) in a research report on Wednesday, September 6th. Liberum Capital reissued a “buy” rating and set a GBX 2,240 ($29.95) price target on shares of Victrex in a research report on Monday, September 4th. Barclays reduced their price target on shares of Victrex from GBX 2,350 ($31.42) to GBX 2,270 ($30.35) and set an “equal weight” rating for the company in a research report on Tuesday, November 28th. Finally, Deutsche Bank raised their price target on shares of Victrex from GBX 1,850 ($24.74) to GBX 2,050 ($27.41) and gave the company a “hold” rating in a research report on Tuesday, September 5th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 2,276.80 ($30.44).

The company has a market cap of $2,260.00 and a price-to-earnings ratio of 2,269.83.

The business also recently announced a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, February 1st will be issued a GBX 109.60 ($1.47) dividend. The ex-dividend date is Thursday, February 1st. This represents a yield of 4.31%. This is a boost from Victrex’s previous dividend of $12.20.

In other news, insider Martin Court sold 441 shares of Victrex stock in a transaction on Friday, December 15th. The shares were sold at an average price of GBX 2,618 ($35.00), for a total transaction of £11,545.38 ($15,437.06). Insiders have bought a total of 15 shares of company stock worth $37,550 in the last quarter.

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Victrex Company Profile

Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.

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