Urmi Prasad Richardson Acquires 100 Shares of Victrex plc (LON:VCT) Stock

Victrex plc (LON:VCT) insider Urmi Prasad Richardson bought 100 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of GBX 958 ($12.40) per share, with a total value of £958 ($1,240.29).

Victrex Stock Performance

Shares of VCT stock opened at GBX 930 ($12.04) on Wednesday. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. The firm has a market capitalization of £811.26 million, a price-to-earnings ratio of 26.42, 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 ($10.56) and a one year high of GBX 1,368 ($17.71). The company has a 50 day moving average price of GBX 978 and a 200 day moving average price of GBX 965.34.

Victrex (LON:VCT) last released its quarterly earnings data on Tuesday, December 24th. The company reported GBX 51.70 ($0.67) EPS for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. Sell-side analysts anticipate that Victrex plc will post 73.1078905 EPS for the current year.

Victrex Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were given a dividend of GBX 46.14 ($0.60) per share. This represents a yield of 5.26%. The ex-dividend date was Thursday, January 23rd. This is an increase from Victrex’s previous dividend of $13.42. Victrex’s payout ratio is 170.47%.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on Victrex from GBX 1,290 ($16.70) to GBX 1,170 ($15.15) and set a “hold” rating for the company in a report 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.