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

Victrex plc (LON:VCT) insider Brendan Connolly bought 980 shares of Victrex stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of GBX 1,019 ($12.91) per share, with a total value of £9,986.20 ($12,653.57).

Victrex Trading Up 14.5 %

LON VCT opened at GBX 1,004 ($12.72) on Wednesday. The company has a quick ratio of 1.99, a current ratio of 5.30 and a debt-to-equity ratio of 16.99. The company has a market capitalization of £873.78 million, a price-to-earnings ratio of 2,820.56, a PEG ratio of 1.92 and a beta of 0.69. The stock’s 50-day simple moving average is GBX 888.82 and its two-hundred day simple moving average is GBX 1,037.78. Victrex plc has a twelve month low of GBX 816 ($10.34) and a twelve month high of GBX 1,575 ($19.96).

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 paid a GBX 46.14 ($0.58) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This is an increase from Victrex’s previous dividend of $13.42. This represents a yield of 5.26%. Victrex’s payout ratio is currently 17,142.86%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on shares of Victrex from GBX 1,491 ($18.89) to GBX 1,290 ($16.35) 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.