Victoria (LON:VCP) Trading 9.2% Higher on Insider Buying Activity

Victoria PLC (LON:VCP) rose 9.2% during mid-day trading on Friday following insider buying activity. The company traded as high as GBX 80.40 ($1.00) and last traded at GBX 80.40 ($1.00). Approximately 1,534,026 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 1,443,246 shares. The stock had previously closed at GBX 73.60 ($0.91).

Specifically, insider Gavin Petken bought 28,147 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of GBX 71 ($0.88) per share, for a total transaction of £19,984.37 ($24,825.30).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on Victoria from GBX 300 ($3.73) to GBX 170 ($2.11) and set a “buy” rating for the company in a research note on Tuesday, October 15th.

Victoria Stock Up 15.1 %

The stock has a market capitalization of £96.24 million, a P/E ratio of -90.11 and a beta of 0.98. 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’s fifty day moving average is GBX 64.08 and its 200-day moving average is GBX 119.22.

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.