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Victoria ( (GB:VCP) ) has shared an announcement.
Victoria PLC has transferred 6,375 ordinary shares from treasury to satisfy the exercise of employee share options under its 2020 Long Term Incentive Plan, at an exercise price of 5 pence per share. Following this small equity issuance from treasury, the company now holds 10,110,837 ordinary shares in treasury and has 115,353,830 ordinary shares in issue (excluding treasury), providing an updated share capital and voting rights base for investors’ disclosure calculations under UK regulatory rules.
The most recent analyst rating on (GB:VCP) stock is a Hold with a £37.00 price target. To see the full list of analyst forecasts on Victoria stock, see the GB:VCP Stock Forecast page.
Spark’s Take on GB:VCP Stock
According to Spark, TipRanks’ AI Analyst, GB:VCP is a Underperform.
Victoria’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to negative profitability. While strategic initiatives from the earnings call show potential, they are not enough to offset the current financial and market challenges.
To see Spark’s full report on GB:VCP stock, click here.
More about Victoria
Victoria PLC is an international manufacturer and distributor of innovative flooring products, headquartered in Worcester, UK. Established in 1895 and listed on AIM, the company designs, manufactures and distributes carpets, flooring underlay, ceramic tiles, luxury vinyl tiles (LVT), artificial grass and flooring accessories. It operates across the UK, Europe, Turkey, the USA and Australia, employs more than 5,000 people at over 30 sites, and is Europe’s largest carpet manufacturer, the second largest in Australia, and the leading underlay producer in both regions, pursuing a growth strategy based on acquisitions and sustainable organic expansion.
Average Trading Volume: 307,455
Technical Sentiment Signal: Strong Sell
Current Market Cap: £44.12M
For an in-depth examination of VCP stock, go to TipRanks’ Overview page.