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

Victoria PLC (LON:VCP) shares traded up 15.3% during mid-day trading on Friday . The stock traded as high as GBX 134.80 ($1.65) and last traded at GBX 133.70 ($1.63). 4,375,714 shares were traded during mid-day trading, a decline of 2% from the average session volume of 4,469,435 shares. The stock had previously closed at GBX 116 ($1.42).

Analyst Ratings Changes

Separately, Berenberg Bank decreased their target price on shares of Victoria from GBX 300 ($3.66) to GBX 170 ($2.08) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Up 17.4 %

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 business has a 50 day simple moving average of GBX 64.88 and a 200 day simple moving average of GBX 117.09. The company has a market capitalization of £154.76 million, a price-to-earnings ratio of -144.89 and a beta of 0.98.

Insider Transactions at Victoria

In other news, insider Gavin Petken acquired 28,147 shares of Victoria stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average cost of GBX 71 ($0.87) per share, for a total transaction of £19,984.37 ($24,400.94). Also, insider Philippe Hamers bought 200,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of GBX 40 ($0.49) per share, with a total value of £80,000 ($97,680.10). Corporate insiders own 35.37% of the company’s stock.

Victoria Company Profile

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.