Victrex (LON:VCT) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Victrex plc (LON:VCT) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 922.78 and traded as high as GBX 937. Victrex shares last traded at GBX 935, with a volume of 453,140 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on VCT shares. Citigroup increased their target price on Victrex from GBX 700 to GBX 1,000 and gave the company a “neutral” rating in a report on Friday, September 11th. Canaccord Genuity Group raised their price target on Victrex from GBX 725 to GBX 1,050 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Berenberg Bank raised their target price on Victrex from GBX 680 to GBX 870 and gave the stock a “hold” rating in a research report on Friday, September 11th. JPMorgan Chase & Co. boosted their target price on Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 595 price target on shares of Victrex in a report on Friday, September 25th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Victrex currently has an average rating of “Hold” and a consensus price target of GBX 807.86.

Victrex Stock Performance

The company has a quick ratio of 1.99, a current ratio of 2.35 and a debt-to-equity ratio of 21.30. The stock has a fifty day moving average price of GBX 926.58 and a 200-day moving average price of GBX 733.59. The firm has a market cap of £814.07 million, a price-to-earnings ratio of -41.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.79.

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.