Victoria (LON:VCP) Trading 14.1% Higher – Here’s Why

Victoria PLC (LON:VCPGet Free Report)’s stock price traded up 14.1% during mid-day trading on Thursday . The stock traded as high as GBX 72 and last traded at GBX 72. 912,919 shares were traded during mid-day trading, an increase of 103% from the average session volume of 448,903 shares. The stock had previously closed at GBX 63.10.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 60 price objective on shares of Victoria in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Victoria presently has an average rating of “Buy” and a consensus target price of GBX 60.

View Our Latest Research Report on Victoria

Victoria Price Performance

The stock has a fifty day moving average of GBX 50.07 and a two-hundred day moving average of GBX 37.47. The stock has a market capitalization of £83.05 million, a price-to-earnings ratio of 0.03 and a beta of 0.43. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of -317.63.

About Victoria

(Get Free Report)

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.

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