Victorian Plumbing Group (LON:VIC) Trading 2% Higher – Time to Buy?

Victorian Plumbing Group plc (LON:VIC)’s stock price traded up 2% during trading on Thursday . The company traded as high as GBX 78 and last traded at GBX 77.90. 287,413 shares were traded during mid-day trading, an increase of 2% from the average session volume of 281,912 shares. The stock had previously closed at GBX 76.40.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 125 target price on shares of Victorian Plumbing Group in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 107.40.

Victorian Plumbing Group Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 84.32. The company has a market cap of £255.76 million, a PE ratio of 19.97, a P/E/G ratio of 0.51 and a beta of 1.14. The stock has a 50-day simple moving average of GBX 74.62 and a 200 day simple moving average of GBX 76.31.

Insider Activity

In related news, insider Daniel Barton sold 54,000 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total value of £45,360. Corporate insiders own 48.16% of the company’s stock.

Victorian Plumbing Group Company Profile

Victorian Plumbing is the UK’s leading bathroom retailer, offering a wide range of over 34,000 products to B2C and trade customers. Victorian Plumbing offers its customers a one-stop shop solution for the entire bathroom with more than 130 own and third party brands across a wide spectrum of price points.

The Group’s product design and supply chain strengths are complemented by its creative and brand-focused marketing strategy, which predominantly focuses on online channels to drive significant and growing traffic to its website.

Headquartered in Skelmersdale, the Group employs over 600 staff across ten locations in Lancashire, Manchester and Birmingham.