Victrex plc (LON:VCT) Given Average Rating of “Hold” by Analysts

Victrex plc (LON:VCT) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 663.33.

VCT has been the topic of several research analyst reports. Berenberg Bank upped their price objective on Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research note 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. Canaccord Genuity Group lowered Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a report on Friday, May 15th. Finally, UBS Group reiterated a “sell” rating and issued a GBX 575 target price on shares of Victrex in a research report on Monday, May 11th.

Victrex Price Performance

VCT opened at GBX 821.06 on Wednesday. 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 company has a market capitalization of £715.35 million, a price-to-earnings ratio of -36.65, a P/E/G ratio of 1.92 and a beta of 0.81. Victrex has a 1 year low of GBX 515 and a 1 year high of GBX 831. The firm’s fifty day moving average price is GBX 699.43 and its two-hundred day moving average price is GBX 653.32.

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.