Victoria (LON:VCP) Shares Up 11.3% – Still a Buy?

Victoria PLC (LON:VCP) shares rose 11.3% during mid-day trading on Thursday . The stock traded as high as GBX 58.62 ($0.74) and last traded at GBX 58.55 ($0.74). Approximately 2,636,112 shares changed hands during trading, an increase of 290% from the average daily volume of 676,035 shares. The stock had previously closed at GBX 52.60 ($0.66).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on Victoria from GBX 300 ($3.77) to GBX 170 ($2.14) and set a “buy” rating on the stock in a research report on Tuesday, October 15th.

Victoria Stock Down 7.4 %

The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of 1,494.32. The firm’s 50 day moving average price is GBX 73.15 and its two-hundred day moving average price is GBX 127.03. The company has a market capitalization of £65.22 million, a price-to-earnings ratio of -61.06 and a beta of 0.98.

Insiders Place Their Bets

In related news, insider Philippe Hamers acquired 200,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of GBX 40 ($0.50) per share, with a total value of £80,000 ($100,540.40). Company insiders own 35.37% of the company’s stock.

About Victoria

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.