Victoria (LON:VCP) Trading 9.2% Higher After Insider Buying Activity

Victoria PLC (LON:VCP - Get Free Report)'s stock price rose 9.2% on Friday following insider buying activity. The stock traded as high as GBX 80.40 ($1.00) and last traded at GBX 80.40 ($1.00). Approximately 1,534,026 shares traded hands during trading, an increase of 6% from the average daily volume of 1,443,246 shares. The stock had previously closed at GBX 73.60 ($0.91).

Specifically, insider Gavin Petken purchased 28,147 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of GBX 71 ($0.88) per share, for a total transaction of £19,984.37 ($24,825.30).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on shares of Victoria from GBX 300 ($3.73) to GBX 170 ($2.11) and set a "buy" rating for the company in a research note on Tuesday, October 15th.

Victoria Stock Up 15.1 %

The stock has a fifty day moving average of GBX 64.08 and a 200 day moving average of GBX 119.22. The company has a debt-to-equity ratio of 1,494.32, a current ratio of 1.43 and a quick ratio of 0.79. The firm has a market capitalization of £96.24 million, a P/E ratio of -90.11 and a beta of 0.98.

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.