Ian Melling Acquires 2,000 Shares of Victrex plc (LON:VCT) Stock

Victrex plc (LON:VCT) insider Ian Melling acquired 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of GBX 1,135 ($14.43) per share, with a total value of £22,700 ($28,858.38).

Victrex Price Performance

Victrex stock opened at GBX 1,122 ($14.26) on Wednesday. The firm has a fifty day moving average of GBX 923.02 and a 200-day moving average of GBX 1,022.18. Victrex plc has a 52-week low of GBX 816 ($10.37) and a 52-week high of GBX 1,575 ($20.02). 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 firm has a market capitalization of £976.48 million, a P/E ratio of 3,205.71, a PEG ratio of 1.92 and a beta of 0.69.

Victrex Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on Victrex from GBX 1,290 ($16.40) to GBX 1,170 ($14.87) and set a “hold” rating on the stock 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.