Victoria (LON:VCP) Trading 7.4% Higher Following Insider Buying Activity

Victoria PLC (LON:VCP) shares traded up 7.4% during trading 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). 1,210,503 shares were traded during trading, an increase of 197% from the average session volume of 407,143 shares. The stock had previously closed at GBX 39.80 ($0.51).

Specifically, insider Philippe Hamers bought 200,000 shares of Victoria stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of GBX 40 ($0.51) per share, with a total value of £80,000 ($102,053.83).

Analysts Set New Price Targets

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

Victoria Trading Up 6.6 %

The stock has a market capitalization of £70.22 million, a price-to-earnings ratio of -65.74 and a beta of 0.98. 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 firm has a fifty day moving average of GBX 83.80 and a 200-day moving average of GBX 134.51.

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.