Insider Buying: Victrex plc (LON:VCT) Insider Buys £20,740 in Stock

Victrex plc (LON:VCT) insider Jakob Sigurdsson acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of GBX 1,037 ($13.68) per share, with a total value of £20,740 ($27,350.65).

Jakob Sigurdsson also recently made the following trade(s):

• On Thursday, August 1st, Jakob Sigurdsson purchased 9,000 shares of Victrex stock. The shares were purchased at an average cost of GBX 1,090 ($14.37) per share, for a total transaction of £98,100 ($129,368.32).
• On Friday, July 5th, Jakob Sigurdsson purchased 3,000 shares of Victrex stock. The shares were purchased at an average cost of GBX 1,189 ($15.68) per share, for a total transaction of £35,670 ($47,039.43).

Victrex Trading Up 0.4 %

Shares of LON VCT opened at GBX 1,030 ($13.58) on Monday. The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. The stock has a market capitalization of £896.41 million, a P/E ratio of 2,942.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. Victrex plc has a 1-year low of GBX 970 ($12.79) and a 1-year high of GBX 1,577 ($20.80). The business has a fifty day moving average price of GBX 1,083.56 and a 200 day moving average price of GBX 1,208.92.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price target on Victrex from GBX 1,491 ($19.66) to GBX 1,290 ($17.01) and set a “hold” rating on the stock in a research report on Wednesday, August 28th.

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.