Victoria (LON:VCP) Trading Up 11.3% – Here’s Why

Victoria PLC (LON:VCP)’s share price was up 11.3% during mid-day trading on Thursday . The stock traded as high as GBX 58.62 ($0.74) and last traded at GBX 58.55 ($0.74). Approximately 2,636,112 shares changed hands during trading, an increase of 290% from the average daily volume of 676,035 shares. The stock had previously closed at GBX 52.60 ($0.66).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price target on Victoria from GBX 300 ($3.77) to GBX 170 ($2.14) and set a “buy” rating for the company in a research note on Tuesday, October 15th.

Victoria Price Performance

The company has a 50 day moving average of GBX 73.15 and a 200 day moving average of GBX 127.03. The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of 1,494.32. The firm has a market cap of £65.22 million, a price-to-earnings ratio of -61.06 and a beta of 0.98.

Insider Transactions at Victoria

In related news, insider Philippe Hamers acquired 200,000 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average price of GBX 40 ($0.50) per share, with a total value of £80,000 ($100,540.40). 35.37% of the stock is currently owned by insiders.

Victoria Company Profile

Victoria PLC, together with its subsidiaries, designs, manufactures, and distributes flooring products primarily in the United Kingdom, Spain, Italy, the Netherlands, Germany, Belgium, Turkey, the United States, and Australia. The company operates through four segments: UK & Europe Soft Flooring, UK & Europe Ceramic Tiles, Australia, and North America.