Insider Buying: Victrex plc (VCT) Insider Acquires 6 Shares of Stock
Victrex plc (LON:VCT) insider Timothy (Tim) J. Cooper purchased 6 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of GBX 2,044 ($26.54) per share, with a total value of £122.64 ($159.21).
Victrex plc (LON:VCT) traded up 0.64% during midday trading on Thursday, hitting GBX 2058.00. 69,819 shares of the company traded hands. The stock has a 50 day moving average price of GBX 1,939.26 and a 200-day moving average price of GBX 1,932.46. Victrex plc has a 12-month low of GBX 1,473.00 and a 12-month high of GBX 2,064.00. The company’s market cap is GBX 1.76 billion.
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A number of equities research analysts have recently commented on VCT shares. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,940 ($25.18) price target (up from GBX 1,600 ($20.77)) on shares of Victrex plc in a report on Friday, April 28th. Liberum Capital reiterated a “buy” rating and set a GBX 2,240 ($29.08) price target on shares of Victrex plc in a report on Monday, May 15th. N+1 Singer reiterated a “hold” rating and set a GBX 2,000 ($25.96) price target on shares of Victrex plc in a report on Monday, May 15th. Berenberg Bank lifted their price target on shares of Victrex plc from GBX 1,800 ($23.37) to GBX 2,000 ($25.96) and gave the stock a “hold” rating in a report on Tuesday, May 16th. Finally, J P Morgan Chase & Co raised their target price on shares of Victrex plc from GBX 1,550 ($20.12) to GBX 1,800 ($23.37) and gave the stock a “neutral” rating in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,974 ($25.63).
About Victrex plc
Victrex plc is a United Kingdom-based holding company. The Company is engaged in the manufacture and sale of various polymers. The Company’s operating segments include Industrial (Victrex Polymer Solutions) and Medical (Invibio Biomaterial Solutions). The Victrex Polymer Solutions segment focuses on automotive, aerospace, electronics and energy markets.
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