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Prices & Quotes - UK Markets - Victrex plc (VCT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,116.00p
Change Today:
-14.00p
Market Cap:
1,835.79m
Sector:
Chemicals

Barclays upgrades Victrex to 'equalweight'

By Michele Maatouk

Date: Thursday 10 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Barclays upgraded Victrex to 'equalweight' from 'underweight' on Thursday, hiking the price target to 1,980p from 1,710p, arguing that Croda is a better 'underweight' idea.
The bank noted that consensus 2021 earnings per share has fallen 40% in two years but said that it believes the downgrade cycle is over and EPS troughed in 2020.

"Yesterday's presentation uncovered a 4mn inventory provision which impacted Industrial gross margins in 2H20," Barclays said. "Taking that into account alongside a smaller de-stock and delay to the debottlenecking means our new 2021 profit before tax estimate is 82mn, broadly in line with consensus and now +5% higher."

Barclays said that trading at 22x Bloomberg consensus 2022 price-to-earnings estimates, the stock is already pricing in a recovery but it's held onto a more than 20x multiple through the downgrades so, without further cuts to consensus, there is little reason to think it will underperform.

At 1330 GMT, the shares were up 1.4% at 2,122p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Victrex plc Market Data

Currency UK Pounds
Price 2,116.00p
Change Today -14.00p
52 Week High 2,452.00p
52 Week Low 1,786.00p
Volume 195,497
Shares Issued 86.76m
Market Cap 1,835.79m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 10
Sell 0
Strong Sell 4
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Victrex plc Dividends

  Latest Previous
  Final Final
Ex-Div 28-Jan-21 30-Jan-20
Paid 19-Feb-21 21-Feb-20
Amount 46.14p 46.14p

Trades for 26-Feb-2021

Time Volume / Share Price
16:35 96,633 @ 2,116.00p
16:29 9 @ 2,122.00p
16:29 8 @ 2,122.00p
16:29 110 @ 2,122.00p
16:29 33 @ 2,120.00p

Victrex plc Key Personnel

Chair Lawrence C Pentz
CEO Jakob Sigurdsson