Victrex (LON:VCT) Rating Reiterated by UBS Group

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UBS Group reiterated their neutral rating on shares of Victrex (LON:VCT) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 2,150 ($28.09) price target on the stock, down from their previous price target of GBX 2,225 ($29.07).

Several other equities analysts also recently commented on VCT. Barclays reiterated an underweight rating and set a GBX 1,900 ($24.83) price target on shares of in a report on Friday, June 28th. Liberum Capital reiterated a buy rating and set a GBX 74 ($0.97) price target on shares of Speedy Hire in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. Credit Suisse Group restated an outperform rating on shares of in a research note on Wednesday, June 5th. Finally, HSBC assumed coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a buy rating and a $48.32 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Victrex currently has an average rating of Hold and a consensus target price of GBX 2,308.64 ($30.17).

Shares of VCT stock opened at GBX 2,022 ($26.42) on Thursday. Victrex has a 12 month low of GBX 1,943 ($25.39) and a 12 month high of GBX 3,434 ($44.87). The company’s 50 day moving average is GBX 2,078.24. The firm has a market capitalization of $1.75 billion and a P/E ratio of 17.58.

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were paid a GBX 13.42 ($0.18) dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 0.65%. Victrex’s payout ratio is 0.52%.

In other Victrex news, insider Jakob Sigurdsson purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of GBX 2,092 ($27.34) per share, for a total transaction of £62,760 ($82,007.06). Also, insider Jane Toogood purchased 500 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of GBX 1,972 ($25.77) per share, for a total transaction of £9,860 ($12,883.84). In the last 90 days, insiders bought 4,227 shares of company stock worth $8,198,142.

Victrex Company Profile

Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. The company offers VICTREX PEEK polymer materials; and biomaterial solutions for use in spine, ortho, dental, trauma, knee, cardiovascular, and orthopedic applications. It also offers specialist solutions for medical device manufacturers.

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Analyst Recommendations for Victrex (LON:VCT)

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