Victrex (LON:VCT) Price Target Cut to GBX 1,590

Victrex (LON:VCT – Get Rating) had its target price decreased by Jefferies Financial Group from GBX 1,900 ($23.63) to GBX 1,590 ($19.78) in a research note released on Tuesday morning, MarketBeat reports. Jefferies Financial Group currently has a hold rating on the stock.

Separately, Barclays decreased their price target on shares of Victrex from GBX 2,310 ($28.73) to GBX 2,280 ($28.36) and set an overweight rating on the stock in a report on Friday, April 21st.

Victrex Stock Performance

LON:VCT opened at GBX 1,545 ($19.22) on Tuesday. The business’s 50-day moving average price is GBX 1,598.71 and its two-hundred day moving average price is GBX 1,692.37. Victrex has a twelve month low of GBX 1,479 ($18.40) and a twelve month high of GBX 1,953.15 ($24.29). The stock has a market cap of £1.34 billion, a P/E ratio of 1,884.15, a PEG ratio of 1.80 and a beta of 0.83. The company has a quick ratio of 1.99, a current ratio of 3.37 and a debt-to-equity ratio of 9.01.

Victrex Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, May 25th will be issued a GBX 13.42 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a dividend yield of 0.81%. Victrex’s payout ratio is 7,317.07%.

Insider Transactions at Victrex

In other Victrex news, insider Martin Court acquired 600 shares of the stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of GBX 1,530 ($19.03) per share, for a total transaction of £9,180 ($11,417.91). In related news, insider Ian Melling acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average price of GBX 1,518 ($18.88) per share, for a total transaction of £15,180 ($18,880.60). Also, insider Martin Court bought 600 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average price of GBX 1,530 ($19.03) per share, for a total transaction of £9,180 ($11,417.91). In the last ninety days, insiders acquired 1,609 shares of company stock worth $2,450,085. 1.64% of the stock is currently owned by insiders.

Victrex Company Profile

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Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. The company operates through two segments, Industrial and Medical. It develops PEEK and PAEK polymer solutions, and semi-finished and finished parts. The company also offers specialist solutions for medical device manufacturers; sells thermoplastic polymer components; and engages in trading activities.