Victoria (LON:VCP) Earns “Buy” Rating from Berenberg Bank

Victoria (LON:VCP)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 170 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 223.81% from the company’s current price.

Victoria Stock Performance

LON VCP opened at GBX 52.50 on Thursday. The company has a 50-day simple moving average of GBX 62.74 and a two-hundred day simple moving average of GBX 70.60. Victoria has a 12-month low of GBX 37 and a 12-month high of GBX 151. The firm has a market cap of £60.00 million, a price-to-earnings ratio of -0.23 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 -4,210.81.

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.