Victrex plc (LON:VCT) Insider Acquires £35,670 in Stock

Victrex plc (LON:VCT) insider Jakob Sigurdsson bought 3,000 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were bought at an average price of GBX 1,189 ($15.04) per share, with a total value of £35,670 ($45,117.63).

Jakob Sigurdsson also recently made the following trade(s):

• On Friday, May 31st, Jakob Sigurdsson acquired 3,000 shares of Victrex stock. The shares were purchased at an average cost of GBX 1,259 ($15.92) per share, with a total value of £37,770 ($47,773.84).
• On Tuesday, May 14th, Jakob Sigurdsson bought 3,000 shares of Victrex stock. The stock was purchased at an average cost of GBX 1,312 ($16.59) per share, for a total transaction of £39,360 ($49,784.97).

Victrex Price Performance

Victrex stock traded up GBX 19.96 ($0.25) during midday trading on Friday, reaching GBX 1,181.96 ($14.95). The company’s stock had a trading volume of 202,239 shares, compared to its average volume of 121,217. The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The stock has a market cap of £1.03 billion, a PE ratio of 3,374.69, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. Victrex plc has a 52 week low of GBX 1,084 ($13.71) and a 52 week high of GBX 1,632 ($20.64). The business has a 50-day moving average price of GBX 1,243.01 and a 200-day moving average price of GBX 1,313.61.

Victrex Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were issued a dividend of GBX 13.42 ($0.17) per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 30th. Victrex’s dividend payout ratio (DPR) is presently 17,142.86%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on shares of Victrex from GBX 1,750 ($22.14) to GBX 1,680 ($21.25) and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd.

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.