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

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

Victrex Stock Performance

Shares of VCT traded up GBX 122.21 ($1.55) on Tuesday, reaching GBX 999.21 ($12.65). 475,518 shares of the stock traded hands, compared to its average volume of 207,327. The stock’s 50-day moving average price is GBX 888.82 and its 200-day moving average price is GBX 1,037.78. The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. The firm 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 12 month low of GBX 816 ($10.33) and a 12 month high of GBX 1,575 ($19.93).

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

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of Victrex from GBX 1,491 ($18.87) to GBX 1,290 ($16.33) and set a “hold” rating for the company in a report 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.