Victoria (LON:VCP) Shares Up 19% - Here's What Happened

Key Points

• Shares of Victoria PLC surged by 19% on Monday, reaching a high of GBX 104.40 ($1.39), with trading volume increasing by 89% compared to the average session.
• Berenberg Bank reiterated a "buy" rating" for Victoria, setting a target price of GBX 170 ($2.26) in a recent research note.
• The company reported a negative EPS of GBX (10.62) (($0.14)) for the quarter, highlighting challenges with an 8.48% negative net margin and a return on equity of -356.44%.

Victoria PLC (LON:VCP - Get Free Report) shares shot up 19% on Monday . The stock traded as high as GBX 104.40 ($1.40) and last traded at GBX 102.20 ($1.37). 1,332,598 shares were traded during trading, an increase of 89% from the average session volume of 703,988 shares. The stock had previously closed at GBX 85.85 ($1.15).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 170 ($2.29) price objective on shares of Victoria in a research report on Thursday, July 24th.

Victoria Stock Up 0.3%

The business's 50 day moving average is GBX 74.18 and its 200 day moving average is GBX 86.81. The company has a market capitalization of £103.37 million, a price-to-earnings ratio of -0.96 and a beta of 0.98. The company has a debt-to-equity ratio of -4,210.81, a quick ratio of 0.79 and a current ratio of 1.43.

Victoria (LON:VCP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported GBX (10.62) (($0.14)) EPS for the quarter. Victoria had a negative return on equity of 356.44% and a negative net margin of 8.48%. Sell-side analysts anticipate 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.