Berenberg Bank Issues Positive Forecast for Victoria (LON:VCP) Stock Price

Victoria (LON:VCP) had its price objective upped by equities researchers at Berenberg Bank from GBX 60 to GBX 100 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 42.86% from the stock’s previous close.

Victoria Stock Performance

Shares of VCP opened at GBX 70 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.52 and a debt-to-equity ratio of -317.63. The stock has a market cap of £80.75 million, a P/E ratio of 0.03 and a beta of 0.43. The business’s 50 day moving average price is GBX 50.71 and its 200-day moving average price is GBX 37.70. Victoria has a 52 week low of GBX 19.48 and a 52 week high of GBX 111.

Victoria (LON:VCP) last posted its quarterly earnings data on Friday, July 24th. The company reported GBX (51.98) earnings per share for the quarter. Victoria had a negative net margin of 21.45% and a positive return on equity of 67.51%. Equities research analysts anticipate that Victoria will post 15.8739255 earnings per share for the current fiscal year.

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.