The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVictrex Share News (VCT)

Share Price Information for Victrex (VCT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,308.00
Bid: 1,284.00
Ask: 1,318.00
Change: 0.00 (0.00%)
Spread: 34.00 (2.648%)
Open: 1,308.00
High: 1,308.00
Low: 1,308.00
Prev. Close: 1,308.00
VCT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Berenberg downgrades Victrex to 'hold' from 'buy'

Tue, 23rd Jan 2024 14:08

(Sharecast News) - Berenberg downgraded Victrex on Tuesday to 'hold' from 'buy' as it said the company's performance in industrial-exposed sectors could remain subdued for longer than it previously expected.

The bank had upgraded the shares last July amid expectations of troughing volumes, improving cash flow and gross margin expansion.

"We were wrong on the last point, as underutilisation costs and negative mix from the ramp-up of China are more than offsetting lower raw material costs, and this could continue in 2025," it said.

"Victrex is guiding for a fiscal H2 volume recovery, but nobody likes back-end-loaded performance."

Berenberg said initial data points from other companies in the sector such as BASF are turning it more cautious on the prospect of volume recovery in 2024 and it thinks Victrex's performance in industrial-exposed sectors could remain subdued for longer than it previously anticipated.

Berenberg said the valuation is supportive on its reduced estimates "but not terribly cheap".

The bank cut its price target on the stock to 1,680p from 2,090p.

More News
7 Dec 2021 18:10

Europe close: Stocks extend rally, tech leads amid sharp drop in volatility gauges

(Sharecast News) - European shares finished sharply higher as investors appeared to be continuing to punt on the new Omicron variant of the coronavirus not being as severe as first thought, although it was technology issues that investors were now seeking out.

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 09:08

TOP NEWS: Victrex hikes full-year payout on surging earnings

TOP NEWS: Victrex hikes full-year payout on surging earnings

Read more
6 Dec 2021 08:53

LONDON MARKET OPEN: Travel stocks shrug off restrictions; Clarkson up

LONDON MARKET OPEN: Travel stocks shrug off restrictions; Clarkson up

Read more
6 Dec 2021 07:47

LONDON MARKET PRE-OPEN: Victrex declares special dividend; LSEG buys

LONDON MARKET PRE-OPEN: Victrex declares special dividend; LSEG buys

Read more
6 Dec 2021 07:27

Victrex FY dividends return to pre-Covid levels

(Sharecast News) - Polymer group Victrex said on Monday that profits had improved in the 12 months ended 30 September, leading the group to significantly hike its full-year dividend payout.

Read more
29 Nov 2021 16:08

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
9 Nov 2021 14:18

EXECUTIVE CHANGES: IPF and Learning Tech hire CFOs from Provident, SIG

EXECUTIVE CHANGES: IPF and Learning Tech hire CFOs from Provident, SIG

Read more
27 Oct 2021 09:44

LONDON BROKER RATINGS: Entain, Unite Group and FirstGroup upped to Buy

LONDON BROKER RATINGS: Entain, Unite Group and FirstGroup upped to Buy

Read more
21 Oct 2021 10:48

IN BRIEF: Victrex signs up to science based target initiative

IN BRIEF: Victrex signs up to science based target initiative

Read more
21 Oct 2021 08:00

Victrex bolsters green credentials as it joins SBTi

(Sharecast News) - Victrex announced a commitment to the green-focussed 'Science Based Target initiative' (SBTi) on Thursday, which it said was in addition to its 2030 'carbon net zero' goal.

Read more
15 Oct 2021 10:26

Morgan Advanced Materials names Victrex's Armitage as new CFO

Morgan Advanced Materials names Victrex's Armitage as new CFO

Read more
15 Oct 2021 08:16

LONDON BRIEFING: Hargreaves Lansdown faces post-virus "normalisation"

LONDON BRIEFING: Hargreaves Lansdown faces post-virus "normalisation"

Read more
15 Oct 2021 08:06

Morgan Advanced taps Victrex's Richard Armitage for CFO

(Sharecast News) - Morgan Advanced Materials revealed on Friday that it had appointed Richard Armitage to the role of chief financial officer.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.