Victrex (LON:VCT) Shares Break Above Two Hundred Day Moving Average – Should You Sell?

Victrex plc (LON:VCT)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 729.65 and traded as high as GBX 937. Victrex shares last traded at GBX 935, with a volume of 33,015,695 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VCT. JPMorgan Chase & Co. increased their price target on Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research note on Friday, September 25th. Berenberg Bank boosted their price objective on shares of Victrex from GBX 680 to GBX 870 and gave the company a “hold” rating in a research note on Friday, September 11th. Citigroup upped their price objective on shares of Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Finally, Canaccord Genuity Group raised their target price on shares of Victrex from GBX 725 to GBX 1,050 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Victrex currently has an average rating of “Hold” and a consensus target price of GBX 807.86.

Victrex Stock Performance

The stock’s 50-day moving average is GBX 893.21 and its 200 day moving average is GBX 731.13. The stock has a market cap of £820.14 million, a price-to-earnings ratio of -42.01, a P/E/G ratio of 1.92 and a beta of 0.76. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99.

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.