Victrex (VCT) PT Raised to GBX 2,400 at Peel Hunt

Victrex (LON:VCT) had its price target lifted by Peel Hunt from GBX 2,300 ($32.25) to GBX 2,400 ($33.65) in a research report report published on Tuesday morning. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Liberum Capital reaffirmed a buy rating and issued a GBX 2,770 ($38.84) target price on shares of Victrex in a research report on Monday. Berenberg Bank reaffirmed a buy rating and issued a GBX 2,600 ($36.46) target price on shares of Victrex in a research report on Tuesday, December 5th. Barclays dropped their target price on Victrex from GBX 2,350 ($32.95) to GBX 2,270 ($31.83) and set an equal weight rating on the stock in a research report on Tuesday, November 28th. Deutsche Bank reaffirmed a hold rating and issued a GBX 2,200 ($30.85) target price on shares of Victrex in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. upped their target price on Victrex from GBX 2,250 ($31.55) to GBX 2,580 ($36.17) and gave the stock a neutral rating in a research report on Monday, January 8th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 2,319.80 ($32.53).

Victrex (LON:VCT) opened at GBX 2,412 ($33.82) on Tuesday. Victrex has a 52-week low of GBX 1,826 ($25.60) and a 52-week high of GBX 2,772 ($38.87). The firm has a market capitalization of $2,100.00 and a PE ratio of 2,079.31.

The business also recently declared a dividend, which will be paid on Friday, February 16th. Stockholders of record on Thursday, February 1st will be paid a dividend of GBX 109.60 ($1.54) per share. This represents a dividend yield of 4.31%. The ex-dividend date is Thursday, February 1st. This is an increase from Victrex’s previous dividend of $12.20.

In other news, insider Martin Court sold 441 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 2,618 ($36.71), for a total transaction of £11,545.38 ($16,188.14). In the last quarter, insiders have bought 14 shares of company stock valued at $36,018.

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About Victrex

Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.

Analyst Recommendations for Victrex (LON:VCT)

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