Victrex (LON:VCT) Hits New 52-Week High – Still a Buy?

Victrex plc (LON:VCT) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 841 and last traded at GBX 818, with a volume of 44791 shares trading hands. The stock had previously closed at GBX 820.

Analyst Ratings Changes

VCT has been the subject of a number of research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 595 price target on shares of Victrex in a research note on Tuesday, July 7th. Berenberg Bank raised their price objective on shares of Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research report on Wednesday, July 8th. UBS Group reaffirmed a “sell” rating and set a GBX 575 price objective on shares of Victrex in a report on Monday, May 11th. Finally, Canaccord Genuity Group downgraded shares of Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a report on Friday, May 15th. Two 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. Based on data from MarketBeat, Victrex has an average rating of “Hold” and a consensus price target of GBX 663.33.

Victrex Trading Up 0.4%

The company has a market capitalization of £725.76 million, a PE ratio of -37.19, a PEG ratio of 1.92 and a beta of 0.81. The company has a current ratio of 2.35, a quick ratio of 1.99 and a debt-to-equity ratio of 21.30. The stock has a fifty day moving average of GBX 723.87 and a two-hundred day moving average of GBX 659.88.

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.