Victrex plc 6.6% Potential Decrease 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 ‘SELL’ this morning by analysts at UBS. Victrex plc are listed in the Basic Materials sector within UK Main Market. UBS have set their target price at 2250 GBX on its stock. This now indicates the analyst believes there is a potential downside of -6.6% from the opening price of 2408 GBX. Over the last 30 and 90 trading days the company share price has decreased 90 points and increased 246 points respectively. The 52 week high for the share price is currently at 2574 GBX while the 52 week low for the stock is 1813.68 GBX.

Victrex plc has a 50 day moving average of 2,459.89 GBX and a 200 day moving average of 2,220.53. There are currently 86,520,403 shares in issue with the average daily volume traded being 238,240. Market capitalisation for LON:VCT is £2,095,524,160 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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