Victoria (LON:VCP) Stock Price Up 11.3% – Here’s What Happened

Victoria PLC (LON:VCP)’s share price rose 11.3% on Thursday . The company traded as high as GBX 58.62 ($0.74) and last traded at GBX 58.55 ($0.74). Approximately 2,636,112 shares changed hands during trading, an increase of 290% from the average daily volume of 676,035 shares. The stock had previously closed at GBX 52.60 ($0.66).

Analyst Ratings Changes

Separately, Berenberg Bank cut their target price on shares of Victoria from GBX 300 ($3.77) to GBX 170 ($2.14) and set a “buy” rating for the company in a research report on Tuesday, October 15th.

Victoria Stock Performance

The company has a market cap of £67.13 million, a P/E ratio of -62.85 and a beta of 0.98. 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. The business has a fifty day simple moving average of GBX 75.76 and a two-hundred day simple moving average of GBX 128.44.

Insider Transactions at Victoria

In related news, insider Philippe Hamers bought 200,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average cost of GBX 40 ($0.50) per share, for a total transaction of £80,000 ($100,578.33). Company insiders own 35.37% of the company’s stock.

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.