Brendan Connolly Acquires 980 Shares of Victrex plc (LON:VCT) Stock

Victrex plc (LON:VCT) insider Brendan Connolly acquired 980 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of GBX 1,019 ($12.90) per share, for a total transaction of £9,986.20 ($12,639.16).

Victrex Price Performance

VCT stock traded up GBX 122.21 ($1.55) during trading on Tuesday, hitting GBX 999.21 ($12.65). 475,518 shares of the stock traded hands, compared to its average volume of 207,327. The stock has a market cap of £869.61 million, a price-to-earnings ratio of 2,820.56, a P/E/G ratio of 1.92 and a beta of 0.69. Victrex plc has a one year low of GBX 816 ($10.33) and a one year high of GBX 1,575 ($19.93). 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 company has a 50 day simple moving average of GBX 888.82 and a 200 day simple moving average of GBX 1,037.78.

Victrex Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders 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 is Thursday, January 23rd. Victrex’s payout ratio is presently 17,142.86%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price target on Victrex from GBX 1,491 ($18.87) to GBX 1,290 ($16.33) and set a “hold” rating on the stock in a research note on Wednesday, August 28th.

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.