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

Victrex plc (LON:VCT) insider Brendan Connolly bought 980 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of GBX 1,019 ($12.91) per share, with a total value of £9,986.20 ($12,653.57).

Victrex Stock Performance

Shares of VCT opened at GBX 1,004 ($12.72) on Wednesday. The company has a 50-day simple moving average of GBX 888.82 and a two-hundred day simple moving average of 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 capitalization of £873.78 million, a PE ratio of 2,820.56, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. Victrex plc has a one year low of GBX 816 ($10.34) and a one year high of GBX 1,575 ($19.96).

Victrex Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be paid a GBX 46.14 ($0.58) dividend. This represents a dividend yield of 5.26%. The ex-dividend date is Thursday, January 23rd. This is a boost from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio (DPR) is presently 17,142.86%.

Wall Street Analyst Weigh In

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