Victoria (LON:VCP) Stock Price Down 8.9% – Here’s What Happened

Victoria PLC (LON:VCP)’s stock price fell 8.9% on Thursday . The company traded as low as GBX 65 and last traded at GBX 66.90. Approximately 491,598 shares traded hands during trading, an increase of 4% from the average session volume of 471,135 shares. The stock had previously closed at GBX 73.40.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 60 target price on shares of Victoria in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 60.

Victoria Stock Down 8.9%

The firm has a market cap of £77.17 million, a price-to-earnings ratio of 0.02 and a beta of 0.43. The business has a fifty day simple moving average of GBX 43.73 and a 200 day simple moving average of GBX 35.42. The company has a debt-to-equity ratio of -317.63, a current ratio of 1.52 and a quick ratio of 0.79.

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.