Victrex (LON:VCT) Shares Up 16.3% – Time to Buy?

Victrex plc (LON:VCT)’s stock price traded up 16.3% during trading on Tuesday . The company traded as high as GBX 704.05 and last traded at GBX 677. Approximately 790,132 shares were traded during trading, a decline of 54% from the average session volume of 1,733,313 shares. The stock had previously closed at GBX 582.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VCT. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 target price on shares of Victrex in a research report on Tuesday. Berenberg Bank dropped their price target on Victrex from GBX 695 to GBX 600 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. cut their price objective on Victrex from GBX 725 to GBX 625 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Canaccord Genuity Group lowered shares of Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a research note on Friday, May 15th. Finally, UBS Group reiterated a “sell” rating and issued a GBX 575 target price on shares of Victrex in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 662.86.

Victrex Stock Performance

The firm’s fifty day moving average price is GBX 609.24 and its 200 day moving average price is GBX 636.42. 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 firm has a market capitalization of £589.83 million, a PE ratio of -30.22, a PEG ratio of 1.92 and a beta of 0.76.

Victrex (LON:VCT) last posted its earnings results on Monday, May 11th. The company reported GBX 17.20 EPS for the quarter. The company had revenue of £147.10 million during the quarter. Victrex had a negative net margin of 6.70% and a negative return on equity of 4.95%. On average, research analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current year.

Victrex Company Profile

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.