Victoria (LON:VCP) Stock Price Down 12.3% – Time to Sell?

Shares of Victoria PLC (LON:VCP) were down 12.3% during trading on Tuesday . The stock traded as low as GBX 29.88 and last traded at GBX 30. Approximately 724,030 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 509,553 shares. The stock had previously closed at GBX 34.20.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 price target on shares of Victoria in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 170.

Victoria Trading Up 5.6%

The company has a market cap of £32.47 million, a price-to-earnings ratio of 0.01 and a beta of 0.98. The business has a fifty day simple moving average of GBX 37.67 and a 200 day simple moving average of GBX 57.99. 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.

Victoria (LON:VCP) last posted its quarterly earnings results on Wednesday, December 17th. The company reported GBX (11.95) earnings per share for the quarter. Victoria had a negative return on equity of 356.44% and a negative net margin of 8.48%. On average, equities analysts anticipate that Victoria PLC will post 15.8739255 EPS for the current fiscal year.

Insider Buying and Selling at Victoria

In other news, insider Stephen James Callaghan purchased 260,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were acquired at an average price of GBX 38 per share, with a total value of £98,800. Also, insider Gavin Petken purchased 113,147 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was purchased at an average price of GBX 27 per share, for a total transaction of £30,549.69. Over the last three months, insiders purchased 588,140 shares of company stock valued at $19,912,941. Corporate insiders own 40.66% of the company’s stock.

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.