Victrex (LON:VCT) Reaches New 12-Month High – Should You Buy?

Shares of Victrex plc (LON:VCT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 857 and last traded at GBX 849.87, with a volume of 68999 shares traded. The stock had previously closed at GBX 841.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VCT. Berenberg Bank raised their price target on Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a report on Wednesday, July 8th. Canaccord Genuity Group downgraded shares of Victrex to a “buy” rating and set a GBX 725 price target on the stock. in a research report on Friday, May 15th. UBS Group restated a “sell” rating and set a GBX 575 price target on shares of Victrex in a research report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 595 price target on shares of Victrex in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Victrex presently has a consensus rating of “Hold” and a consensus target price of GBX 663.33.

Victrex Stock Up 1.7%

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 stock has a 50 day moving average price of GBX 737.63 and a 200 day moving average price of GBX 662.99. The company has a market cap of £744.86 million, a P/E ratio of -38.17, a P/E/G ratio of 1.92 and a beta of 0.81.

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.