Victoria (LON:VCP) Trading 7.4% Higher After Insider Buying Activity

Shares of Victoria PLC (LON:VCP) rose 7.4% on Tuesday following insider buying activity. The stock traded as high as GBX 43.64 ($0.56) and last traded at GBX 42.76 ($0.55). Approximately 1,210,503 shares traded hands during trading, an increase of 197% from the average daily volume of 407,143 shares. The stock had previously closed at GBX 39.80 ($0.51).

Specifically, insider Philippe Hamers bought 200,000 shares of Victoria stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of GBX 40 ($0.51) per share, for a total transaction of £80,000 ($102,210.30).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of Victoria from GBX 300 ($3.83) to GBX 170 ($2.17) and set a “buy” rating on the stock in a report on Tuesday, October 15th.

Victoria Price 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’s fifty day moving average is GBX 85.22 and its 200-day moving average is GBX 135.53. The stock has a market capitalization of £65.91 million, a P/E ratio of -61.70 and a beta of 0.98.

About Victoria

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.