Victoria (LON:VCP) Trading 15.3% Higher – Here’s Why

Victoria PLC (LON:VCP)’s stock price traded up 15.3% during mid-day trading on Friday . The company traded as high as GBX 134.80 ($1.66) and last traded at GBX 133.70 ($1.65). 4,375,714 shares traded hands during trading, a decline of 2% from the average session volume of 4,469,435 shares. The stock had previously closed at GBX 116 ($1.43).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their target price on Victoria from GBX 300 ($3.69) to GBX 170 ($2.09) and set a “buy” rating for the company in a research report on Tuesday, October 15th.

Victoria Stock Performance

The company has a debt-to-equity ratio of 1,494.32, a current ratio of 1.43 and a quick ratio of 0.79. The stock has a 50 day simple moving average of GBX 64.11 and a two-hundred day simple moving average of GBX 116.95. The company has a market cap of £154.76 million, a PE ratio of -144.89 and a beta of 0.98.

Insider Activity

In other Victoria news, insider Gavin Petken acquired 28,147 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of GBX 71 ($0.87) per share, with a total value of £19,984.37 ($24,590.09). Also, insider Philippe Hamers acquired 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of GBX 40 ($0.49) per share, for a total transaction of £80,000 ($98,437.31). Corporate insiders own 35.37% of the company’s stock.

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.