Victoria (LON:VCP) Trading 13.6% Higher – Still a Buy?

Victoria PLC (LON:VCP) shares rose 13.6% during mid-day trading on Friday . The stock traded as high as GBX 75.20 ($0.94) and last traded at GBX 74.72 ($0.94). Approximately 2,071,202 shares changed hands during trading, an increase of 194% from the average daily volume of 703,794 shares. The stock had previously closed at GBX 65.80 ($0.82).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on shares of Victoria from GBX 300 ($3.76) to GBX 170 ($2.13) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Up 10.9 %

The company has a fifty day moving average price of GBX 68.86 and a 200-day moving average price of GBX 123.16. The stock has a market capitalization of £82.95 million, a P/E ratio of -77.66 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 1.43 and a debt-to-equity ratio of 1,494.32.

Insider Activity at Victoria

In other news, insider Philippe Hamers bought 200,000 shares of the stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of GBX 40 ($0.50) per share, for a total transaction of £80,000 ($100,250.63). 35.37% of the stock is owned by insiders.

About Victoria

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Company, which is headquartered in Worcester, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.

Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia and employs approximately 6,750 people across 30 sites.