Berenberg Bank Reiterates "Buy" Rating for Victoria (LON:VCP)

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Victoria (LON:VCP) with a price target of GBX 170, suggesting a potential upside of 150.55% from the current stock price.
• Victoria's stock closed at GBX 67.85, having traded below its 12-month high of GBX 151 and above its 12-month low of GBX 37.
• In its last earnings report, Victoria reported a negative EPS of GBX (10.62) and a net margin of -8.48%, with analysts projecting a turnaround to approximately 15.87 EPS for the current fiscal year.

Berenberg Bank reissued their buy rating on shares of Victoria (LON:VCP - Free Report) in a research note published on Monday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 170 price target on the stock.

Victoria Stock Up 1.2%

LON:VCP traded up GBX 0.80 during trading hours on Monday, hitting GBX 68. The stock had a trading volume of 206,507 shares, compared to its average volume of 632,843. The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of -4,210.81. Victoria has a 1-year low of GBX 37 and a 1-year high of GBX 151. The business has a 50 day simple moving average of GBX 77.07 and a two-hundred day simple moving average of GBX 78.08. The company has a market cap of £77.72 million, a PE ratio of -29.31 and a beta of 0.98.

Victoria (LON:VCP - Get Free Report) last issued its quarterly earnings data 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%. Analysts predict that Victoria will post 15.8739255 EPS for the current 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.