Victoria’s (VCP) Buy Rating Reiterated at Berenberg Bank

Victoria (LON:VCP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 170 ($2.31) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 110.14% from the stock’s previous close.

Victoria Price Performance

Shares of VCP traded up GBX 7.30 ($0.10) during trading hours on Thursday, reaching GBX 80.90 ($1.10). The stock had a trading volume of 2,327,084 shares, compared to its average volume of 697,640. Victoria has a 12 month low of GBX 37 ($0.50) and a 12 month high of GBX 185 ($2.51). The stock has a market capitalization of £92.61 million, a PE ratio of -0.86 and a beta of 0.98. The company has a debt-to-equity ratio of -4,210.81, a quick ratio of 0.79 and a current ratio of 1.43. The company’s 50-day moving average is GBX 69.24 and its two-hundred day moving average is GBX 89.22.

Victoria (LON:VCP) last issued its earnings results on Thursday, July 24th. The company reported GBX (10.62) (($0.14)) EPS for the quarter. Victoria had a negative net margin of 8.48% and a negative return on equity of 356.44%. Research analysts expect that Victoria will post 15.8739255 EPS for the current year.

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.