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

Victoria PLC (LON:VCP) shares rose 9.2% 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 traded hands during 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 firm’s stock in a transaction dated Tuesday, December 31st. The shares were bought at an average price of GBX 71 ($0.88) per share, for a total transaction of £19,984.37 ($24,825.30).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on shares of Victoria from GBX 300 ($3.73) to GBX 170 ($2.11) and set a “buy” rating for the company in a report on Tuesday, October 15th.

Victoria Stock Up 15.1 %

The firm’s 50-day simple moving average is GBX 64.08 and its 200 day simple moving average is GBX 119.22. The company has a debt-to-equity ratio of 1,494.32, a quick ratio of 0.79 and a current ratio of 1.43. The company has a market cap of £96.24 million, a P/E ratio of -90.11 and a beta of 0.98.

About Victoria

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.