Victrex (LON:VCT) Hits New 12-Month Low – Should You Sell?

Victrex plc (LON:VCT) reached a new 52-week low during trading on Friday . The company traded as low as GBX 662 ($8.84) and last traded at GBX 663 ($8.85), with a volume of 52143 shares traded. The stock had previously closed at GBX 672 ($8.97).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VCT shares. Berenberg Bank reduced their target price on shares of Victrex from GBX 990 to GBX 880 and set a “hold” rating on the stock in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on shares of Victrex from GBX 940 to GBX 818 and set a “neutral” rating for the company in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered shares of Victrex to a “hold” rating and dropped their price target for the stock from GBX 990 to GBX 850 in a research note on Tuesday, July 8th. Finally, Citigroup dropped their price target on shares of Victrex from GBX 870 to GBX 740 and set a “neutral” rating for the company in a research note on Friday, July 18th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 822.

Victrex Trading Down 2.5%

The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93. The business’s 50 day moving average is GBX 704.25 and its 200-day moving average is GBX 756.61. The firm has a market cap of £570.19 million, a P/E ratio of 1,932.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

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.