Victrex plc 16.5% Potential Decrease Indicated by Barclays Capital

Broker Ratings
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Victrex plc using EPIC/TICKER code (LON:VCT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Barclays Capital. Victrex plc are listed in the Basic Materials sector within UK Main Market. Barclays Capital have set a target price of 1660 GBX on its stock. This would imply the analyst believes there is a potential downside of -16.5% from the opening price of 1989 GBX. Over the last 30 and 90 trading days the company share price has decreased 33 points and increased 66 points respectively. The 1 year high for the share price is 2574 GBX while the 52 week low for the stock is 1645 GBX.

Victrex plc has a 50 day moving average of 2,042.88 GBX and a 200 day moving average of 2,218.09. There are currently 86,587,179 shares in issue with the average daily volume traded being 350,894. Market capitalisation for LON:VCT is £1,677,193,657 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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