Victrex (LON:VCT) Reaches New 1-Year High – Time to Buy?

Victrex plc (LON:VCT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 841 and last traded at GBX 818, with a volume of 44791 shares changing hands. The stock had previously closed at GBX 820.

Wall Street Analysts Forecast Growth

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

Victrex Stock Up 0.9%

The firm has a market cap of £720.53 million, a P/E ratio of -36.92, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company’s 50-day simple moving average is GBX 715.71 and its 200 day simple moving average is GBX 657.93. 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.