Victoria (LON:VCP) Shares Cross Above 50 Day Moving Average – What’s Next?

Victoria PLC (LON:VCP)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Victoria Stock Performance

The firm has a fifty day moving average of GBX 47.66 and a 200-day moving average of GBX 36.74. 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 capitalization of £76.13 million, a price-to-earnings ratio of 0.02 and a beta of 0.43.

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.