Victrex (LON:VCT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Victrex plc (LON:VCT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 640.96 and traded as high as GBX 651. Victrex shares last traded at GBX 637, with a volume of 215,830 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VCT shares. Canaccord Genuity Group cut Victrex to a “buy” rating and set a GBX 725 price objective for the company. in a research note on Friday, May 15th. UBS Group reiterated a “sell” rating and issued a GBX 575 price objective on shares of Victrex in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on Victrex from GBX 725 to GBX 625 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group reduced their price objective on Victrex from GBX 675 to GBX 595 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 702.86.

Victrex Price Performance

The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99. The company has a 50 day moving average price of GBX 604.84 and a 200 day moving average price of GBX 640.96. The firm has a market cap of £554.98 million, a PE ratio of 20.03, a PEG ratio of 1.92 and a beta of 0.75.

Victrex (LON:VCT) last released its quarterly earnings results on Monday, May 11th. The company reported GBX 17.20 EPS for the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%.The business had revenue of £147.10 million during the quarter. Sell-side analysts expect that Victrex plc will post 73.1078905 EPS for the current fiscal year.

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.