Shares of Victrex plc (LON:VCT – Get Rating) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 2,576.25 ($31.76).
VCT has been the topic of several research reports. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 2,330 ($28.73) price target on shares of Victrex in a report on Wednesday, January 26th. Berenberg Bank cut their price target on shares of Victrex from GBX 2,200 ($27.12) to GBX 2,000 ($24.66) and set a “hold” rating on the stock in a report on Monday, May 9th.
In other news, insider Brendan Connolly acquired 500 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were acquired at an average price of GBX 1,920 ($23.67) per share, with a total value of £9,600 ($11,835.78). Also, insider Jakob Sigurdsson acquired 2,800 shares of the company’s stock in a transaction dated Monday, February 21st. The shares were purchased at an average cost of GBX 1,893 ($23.34) per share, for a total transaction of £53,004 ($65,348.29). Insiders have bought a total of 3,324 shares of company stock worth $6,305,472 in the last ninety days.
The company also recently disclosed a dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Thursday, May 26th will be paid a dividend of GBX 13.42 ($0.17) per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a dividend yield of 0.75%. Victrex’s payout ratio is 0.71%.
About Victrex (Get Rating)
Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. The company operates through two segments, Industrial and Medical. It develops PEEK and PAEK polymer solutions, and semi-finished and finished parts. The company also offers specialist solutions for medical device manufacturers; sells thermoplastic polymer components; and engages in trading activities.
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