Victrex plc (VCT) Given Average Recommendation of “Hold” by Analysts
Shares of Victrex plc (LON:VCT) have received a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 2,276.80 ($30.44).
VCT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,150 ($28.75) price target on shares of Victrex in a research note on Wednesday, September 27th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 ($34.76) price target on shares of Victrex in a research note on Tuesday, December 5th. Barclays reduced their price target on shares of Victrex from GBX 2,350 ($31.42) to GBX 2,270 ($30.35) and set an “equal weight” rating for the company in a research note on Tuesday, November 28th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 2,200 ($29.42) price target on shares of Victrex in a research note on Thursday. Finally, Liberum Capital upped their price target on shares of Victrex from GBX 2,440 ($32.62) to GBX 2,770 ($37.04) and gave the stock a “buy” rating in a research note on Monday, December 11th.
In related news, insider Martin Court sold 441 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 2,618 ($35.00), for a total value of £11,545.38 ($15,437.06). Insiders purchased a total of 15 shares of company stock worth $37,550 over the last quarter.
The firm also recently announced a dividend, which will be paid on Friday, February 16th. Investors of record on Thursday, February 1st will be issued a GBX 109.60 ($1.47) dividend. This is an increase from Victrex’s previous dividend of $12.20. This represents a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, February 1st.
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Victrex Company Profile
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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