Victoria (LON:VCP) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Victoria PLC (LON:VCP)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 47.66 and traded as high as GBX 70.90. Victoria shares last traded at GBX 66, with a volume of 12,601 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 60 price objective on shares of Victoria in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Victoria currently has an average rating of “Buy” and a consensus target price of GBX 60.

Victoria Stock Performance

The company has a 50 day simple moving average of GBX 47.66 and a 200 day simple moving average of GBX 36.74. The company has a market capitalization of £76.13 million, a PE ratio of 0.02 and a beta of 0.43. The company has a debt-to-equity ratio of -317.63, a quick ratio of 0.79 and a current ratio of 1.52.

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.