Victoria’s (VCP) “Buy” Rating Reiterated at Berenberg Bank

Victoria (LON:VCP)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 60 price target on the stock. Berenberg Bank’s target price would indicate a potential downside of 14.29% from the company’s previous close.

Victoria Price Performance

Shares of LON:VCP opened at GBX 70 on Wednesday. The stock’s fifty day simple moving average is GBX 43.05 and its two-hundred day simple moving average is GBX 35.19. The stock has a market cap of £80.75 million, a PE ratio of 0.03 and a beta of 0.43. The company has a current ratio of 1.52, a quick ratio of 0.79 and a debt-to-equity ratio of -317.63. Victoria has a 1-year low of GBX 19.48 and a 1-year high of GBX 111.

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.