Victrex plc (LON:VCT – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 993.36 ($12.40) and traded as high as GBX 1,016 ($12.68). Victrex shares last traded at GBX 996 ($12.43), with a volume of 121,620 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank cut their target price on Victrex from GBX 1,290 ($16.10) to GBX 1,170 ($14.60) and set a “hold” rating on the stock in a research note on Wednesday, December 4th.
View Our Latest Analysis on VCT
Victrex Stock Down 0.3 %
Victrex (LON:VCT – Get Free Report) last announced its quarterly earnings results on Tuesday, December 24th. The company reported GBX 51.70 ($0.65) earnings per share (EPS) for the quarter. Victrex had a return on equity of 6.36% and a net margin of 10.81%. On average, equities research analysts expect that Victrex plc will post 73.1078905 EPS for the current fiscal year.
Victrex Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be issued a GBX 46.14 ($0.58) dividend. This is an increase from Victrex’s previous dividend of $13.42. This represents a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, January 23rd. Victrex’s dividend payout ratio is 17,142.86%.
Insiders Place Their Bets
In other news, insider Ian Melling bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of GBX 1,135 ($14.17) per share, with a total value of £22,700 ($28,336.04). Also, insider Brendan Connolly bought 980 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of GBX 1,019 ($12.72) per share, for a total transaction of £9,986.20 ($12,465.61). Corporate insiders own 1.64% of the company’s stock.
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.
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