Victrex plc 13.5% Potential Upside Indicated by UBS

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Victrex plc using EPIC/TICKER code (LON:VCT) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ today by analysts at UBS. Victrex plc are listed in the Basic Materials sector within UK Main Market. UBS have set their target price at 2575 GBX on its stock. This is indicating the analyst believes there is a potential upside of 13.5% from the opening price of 2268 GBX. Over the last 30 and 90 trading days the company share price has decreased 74 points and decreased 106 points respectively. The 1 year high share price is 3438.06 GBX while the year low stock price is currently 2082 GBX.

Victrex plc has a 50 day moving average of 2,360.26 GBX and a 200 Day Moving Average share price is recorded at 2,647.48. There are currently 86,404,778 shares in issue with the average daily volume traded being 350,465. Market capitalisation for LON:VCT is £1,952,747,982 GBP.

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    Victrex plc (LON:VCT) announces interim results for the 6 months ended 31 March 2024, highlighting revenue, profit, and growth targets. CEO Jakob Sigurdsson provides insights.
    Victrex plc is a world leader in high-performance polymer solutions. In their Q1 2024 statement, they report a decline in revenue and volume but highlight progress in certain end-markets. They also discuss their financial position and cost actions. CEO Jakob Sigurdsson remains optimistic about the opportunity for progress in the future.

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