Berenberg Bank Forecasts Strong Price Appreciation for Victoria (LON:VCP) Stock

Victoria (LON:VCP) had its price objective raised by equities researchers at Berenberg Bank from GBX 60 to GBX 100 in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 50.38% from the stock’s current price.

Victoria Trading Down 7.6%

Shares of LON:VCP opened at GBX 66.50 on Friday. Victoria has a 12-month low of GBX 19.48 and a 12-month high of GBX 111. The business has a 50 day moving average of GBX 51.27 and a 200-day moving average of GBX 37.90. The company has a quick ratio of 0.79, a current ratio of 1.52 and a debt-to-equity ratio of -317.63. The stock has a market cap of £76.71 million, a PE ratio of 0.02 and a beta of 0.43.

Victoria (LON:VCP) last announced its earnings results on Friday, July 24th. The company reported GBX (51.98) earnings per share for the quarter. Victoria had a positive return on equity of 67.51% and a negative net margin of 21.45%. As a group, equities research analysts forecast that Victoria 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.