Victoria (LON:VCP) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• Victoria PLC's stock price recently crossed above its 50-day moving average, currently priced at GBX 75 ($1.01) after trading as high as GBX 80.90 ($1.09).
• Berenberg Bank has maintained a "buy" rating on Victoria shares, setting a price target of GBX 170 ($2.30).
• The company reported a negative earnings per share (EPS) of GBX (10.62) (($0.14)) for the last quarter, with a projected EPS of 15.87 for the current year.

Shares of Victoria PLC (LON:VCP - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 76.93 ($1.04) and traded as high as GBX 80.90 ($1.09). Victoria shares last traded at GBX 75 ($1.01), with a volume of 198,474 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 170 target price on shares of Victoria in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Victoria currently has an average rating of "Buy" and a consensus price target of GBX 170.

Victoria Stock Performance

The firm has a 50-day moving average price of GBX 76.98 and a 200 day moving average price of GBX 83.44. The firm has a market capitalization of £83.34 million, a PE ratio of -0.78 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.

Victoria (LON:VCP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported GBX (10.62) EPS for the quarter. Victoria had a negative return on equity of 356.44% and a negative net margin of 8.48%. Research analysts expect that Victoria PLC will post 15.8739255 earnings per share 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.