Victrex plc (LON:VCT) Insider Buys £131.60 in Stock
Victrex plc (LON:VCT) insider Timothy (Tim) J. Cooper acquired 7 shares of Victrex stock in a transaction on Friday, August 16th. The shares were bought at an average price of GBX 1,880 ($24.57) per share, with a total value of £131.60 ($171.96).
Shares of Victrex stock opened at GBX 1,998 ($26.11) on Thursday. Victrex plc has a twelve month low of GBX 1,828 ($23.89) and a twelve month high of GBX 3,434 ($44.87). The business has a 50-day moving average price of GBX 1,970.96 and a 200 day moving average price of GBX 2,183.05. The firm has a market cap of $1.73 billion and a PE ratio of 17.37.
A number of research firms have weighed in on VCT. JPMorgan Chase & Co. reduced their price objective on Victrex from GBX 2,300 ($30.05) to GBX 2,150 ($28.09) and set a “neutral” rating for the company in a research note on Friday, July 5th. HSBC reduced their price objective on Victrex from GBX 2,520 ($32.93) to GBX 2,200 ($28.75) and set a “hold” rating for the company in a research note on Monday, May 20th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,000 ($39.20) price objective on shares of Victrex in a research note on Wednesday, June 5th. Barclays upgraded Victrex to an “equal weight” rating and set a GBX 2,020 ($26.39) price objective for the company in a research note on Wednesday. Finally, Numis Securities reiterated a “hold” rating and set a GBX 2,350 ($30.71) price objective (down previously from GBX 2,550 ($33.32)) on shares of Victrex in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,311.36 ($30.20).
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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