Victoria (LON:VCP) Stock Price Up 7.4% Following Insider Buying Activity

Victoria PLC (LON:VCP) was up 7.4% on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 43.64 ($0.56) and last traded at GBX 42.76 ($0.55). Approximately 1,210,503 shares changed hands during mid-day trading, an increase of 197% from the average daily volume of 407,143 shares. The stock had previously closed at GBX 39.80 ($0.51).

Specifically, insider Philippe Hamers acquired 200,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of GBX 40 ($0.51) per share, for a total transaction of £80,000 ($102,210.30).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on shares of Victoria from GBX 300 ($3.83) to GBX 170 ($2.17) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Up 45.7 %

The firm’s 50 day moving average is GBX 85.22 and its two-hundred day moving average is GBX 135.53. The firm has a market capitalization of £65.91 million, a P/E ratio of -61.70 and a beta of 0.98. The company has a debt-to-equity ratio of 1,494.32, a current ratio of 1.43 and a quick ratio of 0.79.

Victoria Company Profile

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.