Victoria (LON:VCP) Given “Buy” Rating at Berenberg Bank

Victoria (LON:VCP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Friday, London Stock Exchange reports. They currently have a GBX 100 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 81.78% from the company’s previous close.

Victoria Trading Down 4.7%

VCP stock opened at GBX 55.01 on Friday. Victoria has a 12-month low of GBX 19.48 and a 12-month high of GBX 76.50. The business’s 50-day moving average is GBX 61.48 and its 200 day moving average is GBX 43.83. The company has a current ratio of 1.45, a quick ratio of 0.79 and a debt-to-equity ratio of -174.85. The stock has a market cap of £63.46 million, a price-to-earnings ratio of -0.19 and a beta of 0.43.

Victoria (LON:VCP) last announced its earnings results on Friday, July 24th. The company reported GBX (51.98) EPS for the quarter. Victoria had a negative net margin of 31.11% and a positive return on equity of 61.64%. On average, sell-side analysts anticipate that Victoria will post 15.8739255 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Geoff Wilding acquired 150,000 shares of Victoria stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average cost of GBX 67 per share, with a total value of £100,500. Corporate insiders own 41.00% 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.