Victoria (LON:VCP) Shares Up 13.6% – Here’s What Happened

Victoria PLC (LON:VCP)’s stock price shot up 13.6% during trading on Friday . The company traded as high as GBX 75.20 ($0.95) and last traded at GBX 74.72 ($0.94). 2,071,202 shares changed hands during trading, an increase of 194% from the average session volume of 703,794 shares. The stock had previously closed at GBX 65.80 ($0.83).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Victoria from GBX 300 ($3.78) to GBX 170 ($2.14) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Up 10.9 %

The stock has a market capitalization of £82.95 million, a price-to-earnings ratio of -77.66 and a beta of 0.98. The business’s 50-day moving average is GBX 68.10 and its two-hundred day moving average is GBX 122.81. The company has a quick ratio of 0.79, a current ratio of 1.43 and a debt-to-equity ratio of 1,494.32.

Insider Transactions at Victoria

In other news, insider Philippe Hamers bought 200,000 shares of Victoria stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of GBX 40 ($0.50) per share, with a total value of £80,000 ($100,666.92). Company 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.