Berenberg Bank Reaffirms “Buy” Rating for Victoria (LON:VCP)

Victoria (LON:VCP)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report issued on Monday,London Stock Exchange reports. They presently have a GBX 170 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 150.55% from the company’s current price.

Victoria Price Performance

LON:VCP traded down GBX 0.15 during mid-day trading on Monday, hitting GBX 67.85. 66,076 shares of the stock traded hands, compared to its average volume of 641,379. Victoria has a 12-month low of GBX 37 and a 12-month high of GBX 151. The company has a market cap of £77.55 million, a PE ratio of -29.24 and a beta of 0.98. 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. The business’s 50-day moving average price is GBX 77.27 and its 200 day moving average price is GBX 79.06.

Victoria (LON:VCP) last announced its earnings results on Thursday, July 24th. The company reported GBX (10.62) earnings per share (EPS) for the quarter. Victoria had a negative net margin of 8.48% and a negative return on equity of 356.44%. On average, analysts expect that Victoria will post 15.8739255 EPS for the current fiscal year.

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.