Victrex (LON:VCT) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Victrex plc (LON:VCT) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 742.80 and traded as high as GBX 919. Victrex shares last traded at GBX 896, with a volume of 2,070,168 shares trading hands.

Analysts Set New Price Targets

VCT has been the subject of a number of recent research reports. Canaccord Genuity Group upped their price target on Victrex from GBX 725 to GBX 1,050 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price objective on shares of Victrex from GBX 625 to GBX 785 and gave the company a “neutral” rating in a report on Thursday, September 10th. Berenberg Bank boosted their price objective on shares of Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research report on Friday, September 11th. Citigroup increased their target price on shares of Victrex from GBX 700 to GBX 1,000 and gave the stock a “neutral” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 595 target price on shares of Victrex in a report on Friday, September 25th. One investment 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. Based on data from MarketBeat, Victrex has a consensus rating of “Hold” and a consensus price target of GBX 807.86.

Victrex Price Performance

The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35. The company has a fifty day moving average price of GBX 902.48 and a two-hundred day moving average price of GBX 742.80. The company has a market cap of £780.92 million, a P/E ratio of -40.00, a PEG ratio of 1.92 and a beta of 0.76.

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.