Victoria (LON:VCP) Trading 9.2% Higher After Insider Buying Activity

Victoria PLC (LON:VCP) shares shot up 9.2% during trading 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). 1,534,026 shares traded hands during trading, an increase of 6% from the average session volume of 1,443,246 shares. The stock had previously closed at GBX 73.60 ($0.91).

Specifically, insider Gavin Petken acquired 28,147 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of GBX 71 ($0.88) per share, for a total transaction of £19,984.37 ($24,736.19).

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price objective on shares of Victoria from GBX 300 ($3.71) to GBX 170 ($2.10) and set a “buy” rating on the stock in a research note on Tuesday, October 15th.

Victoria Stock Performance

The company has a 50-day moving average of GBX 64.59 and a 200-day moving average of GBX 119.46. The company has a market cap of £92.24 million, a PE ratio of -86.36 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.

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.