Victoria PLC (LON:VCP) shares traded down 18.5% during trading on Monday . The company traded as low as GBX 492 ($6.43) and last traded at GBX 492.35 ($6.43). 512,306 shares changed hands during trading, an increase of 100% from the average session volume of 256,187 shares. The stock had previously closed at GBX 604 ($7.89).
Separately, Berenberg Bank raised their price objective on shares of Victoria from GBX 950 ($12.41) to GBX 1,000 ($13.07) and gave the company a “buy” rating in a research note on Monday, August 13th.
In related news, insider Geoff Wilding sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of GBX 827 ($10.81), for a total transaction of £41,350,000 ($54,031,098.92).
Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom and Australia. It also provides wool and synthetic broadloom carpets, flooring underlays, luxury vinyl tiles (LVT), hardwood flooring products, artificial grass, carpet tiles, and flooring accessories, as well as markets and distributes LVT and hardwood flooring products.
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