Victrex plc (LON:VCT) Insider Purchases £958 in Stock

Victrex plc (LON:VCT) insider Urmi Prasad Richardson bought 100 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of GBX 958 ($12.33) per share, with a total value of £958 ($1,233.42).

Victrex Stock Up 1.1 %

Shares of VCT opened at GBX 936 ($12.05) on Thursday. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. Victrex plc has a 52 week low of GBX 816 ($10.51) and a 52 week high of GBX 1,368 ($17.61). The stock has a market capitalization of £816.49 million, a price-to-earnings ratio of 26.59, a PEG ratio of 1.92 and a beta of 0.69. The stock has a fifty day moving average of GBX 976.06 and a 200-day moving average of GBX 965.19.

Victrex (LON:VCT) last posted its earnings results on Tuesday, December 24th. The company reported GBX 51.70 ($0.67) EPS for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. As a group, sell-side analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.

Victrex Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a GBX 46.14 ($0.59) dividend. This represents a yield of 5.26%. The ex-dividend date was Thursday, January 23rd. This is a positive change from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio (DPR) is 170.47%.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price objective on shares of Victrex from GBX 1,290 ($16.61) to GBX 1,170 ($15.06) and set a “hold” rating for the company in a research report on Wednesday, December 4th.

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.