Insider Buying: Victrex plc (VCT) Insider Acquires £120.72 in Stock
Victrex plc (LON:VCT) insider Cooper,Timothy (Tim) J bought 8 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were purchased at an average price of GBX 1,509 ($19.70) per share, with a total value of £120.72 ($157.58).
Victrex plc (LON:VCT) opened at 1528.00 on Thursday. Victrex plc has a 1-year low of GBX 1,275.58 and a 1-year high of GBX 1,961.00. The company’s 50-day moving average is GBX 1,521.64 and its 200 day moving average is GBX 1,515.67. The company’s market cap is GBX 1.30 billion.
A number of equities research analysts recently issued reports on VCT shares. Numis Securities Ltd cut shares of Victrex plc to an “add” rating and dropped their target price for the stock from GBX 1,910 ($24.93) to GBX 1,850 ($24.15) in a research report on Tuesday, July 12th. Peel Hunt restated a “buy” rating and issued a GBX 1,900 ($24.80) price objective on shares of Victrex plc in a research report on Wednesday, July 20th. Liberum Capital restated a “buy” rating and issued a GBX 2,100 ($27.41) price objective on shares of Victrex plc in a research report on Tuesday, July 5th. Barclays PLC restated an “equal weight” rating and issued a GBX 1,600 ($20.89) price objective on shares of Victrex plc in a research report on Wednesday, July 27th. Finally, Berenberg Bank lowered their price objective on shares of Victrex plc from GBX 1,620 ($21.15) to GBX 1,510 ($19.71) and set a “hold” rating for the company in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,713.92 ($22.37).
About Victrex plc
Victrex plc is a United Kingdom-based company engaged in the manufacture of polymer solutions. The Company’s products are used in smartphones, oil and gas equipment, medical devices, aeroplanes and cars. The Company has operations in industries such as Automotive, Aerospace, Electronics, Energy and Medical.
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