Victrex plc (LON:VCT) Insider Ian Melling Purchases 2,000 Shares

Victrex plc (LON:VCT) insider Ian Melling acquired 2,000 shares of Victrex stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of GBX 1,135 ($14.40) per share, with a total value of £22,700 ($28,799.80).

Victrex Trading Down 0.7 %

Shares of LON:VCT opened at GBX 1,134 ($14.39) on Tuesday. The business’s 50-day moving average is GBX 919.34 and its 200 day moving average is GBX 1,023.35. The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. Victrex plc has a 1 year low of GBX 816 ($10.35) and a 1 year high of GBX 1,575 ($19.98). The firm has a market capitalization of £986.92 million, a P/E ratio of 3,240.00, a P/E/G ratio of 1.92 and a beta of 0.69.

Victrex Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be issued a dividend of GBX 46.14 ($0.59) per share. The ex-dividend date is Thursday, January 23rd. This represents a dividend yield of 5.26%. This is an increase from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio is 17,142.86%.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on shares of Victrex from GBX 1,290 ($16.37) to GBX 1,170 ($14.84) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

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.