Victrex plc (LON:VCT) insider Timothy (Tim) J. Cooper purchased 710 shares of Victrex stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of GBX 1,266 ($16.54) per share, for a total transaction of £8,988.60 ($11,745.20).
LON VCT opened at GBX 2,020 ($26.39) on Thursday. The stock has a market cap of $1.74 billion and a price-to-earnings ratio of 17.57. Victrex plc has a one year low of GBX 2,014.55 ($26.32) and a one year high of GBX 3,434 ($44.87).
The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be given a dividend of GBX 13.42 ($0.18) per share. This represents a yield of 0.65%. The ex-dividend date is Thursday, June 6th. Victrex’s dividend payout ratio (DPR) is 0.52%.
Several research analysts recently commented on the stock. Berenberg Bank reduced their price target on shares of Victrex from GBX 2,550 ($33.32) to GBX 2,250 ($29.40) and set a “hold” rating on the stock in a research note on Tuesday. Stifel Nicolaus assumed coverage on shares of Victrex in a research note on Monday. They issued a “buy” rating and a GBX 2,255 ($29.47) price target on the stock. HSBC reduced their price target on shares of Victrex from GBX 2,520 ($32.93) to GBX 2,200 ($28.75) and set a “hold” rating on the stock in a research note on Monday. Liberum Capital reduced their price target on shares of Victrex from GBX 2,700 ($35.28) to GBX 2,600 ($33.97) and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Victrex from GBX 2,800 ($36.59) to GBX 2,300 ($30.05) and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Victrex currently has a consensus rating of “Hold” and a consensus target price of GBX 2,319 ($30.30).
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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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