Victoria (LON:VCP) Trading Down 8.9% – What’s Next?

Victoria PLC (LON:VCP)’s share price dropped 8.9% during mid-day trading on Thursday . The company traded as low as GBX 65 and last traded at GBX 66.90. Approximately 491,598 shares were traded during trading, an increase of 4% from the average session volume of 471,135 shares. The stock had previously closed at GBX 73.40.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 60 price target on shares of Victoria in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 60.

Victoria Trading Down 8.9%

The firm has a market capitalization of £77.17 million, a price-to-earnings ratio of 0.02 and a beta of 0.43. The company has a fifty day moving average price of GBX 43.73 and a two-hundred day moving average price of GBX 35.42. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of -317.63.

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.