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

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

Victrex Trading Down 1.1 %

Shares of Victrex stock opened at GBX 1,122 ($14.26) on Wednesday. The business has a 50 day moving average price of GBX 923.02 and a 200 day moving average price of GBX 1,022.18. The company has a market capitalization of £976.48 million, a P/E ratio of 3,205.71, a P/E/G ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. Victrex plc has a 1 year low of GBX 816 ($10.37) and a 1 year high of GBX 1,575 ($20.02).

Victrex Increases Dividend

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

Wall Street Analyst Weigh In

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