Victorian Plumbing Group (LON:VIC) Given Buy Rating at Shore Capital Group

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 100 price objective on the stock. Shore Capital Group’s price objective would suggest a potential upside of 23.46% from the stock’s current price.

Several other brokerages have also commented on VIC. Berenberg Bank reiterated a “buy” rating and set a GBX 115 price objective on shares of Victorian Plumbing Group in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 80 price objective on shares of Victorian Plumbing Group in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 107.40.

Victorian Plumbing Group Price Performance

Shares of LON VIC opened at GBX 81 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 82.83. The stock has a market capitalization of £265.94 million, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14. The stock’s fifty day simple moving average is GBX 75.83 and its two-hundred day simple moving average is GBX 76.54. Victorian Plumbing Group has a 12-month low of GBX 56.80 and a 12-month high of GBX 90.

Victorian Plumbing Group (LON:VIC) last announced its earnings results on Tuesday, May 19th. The company reported GBX 2.10 earnings per share (EPS) for the quarter. Victorian Plumbing Group had a return on equity of 24.66% and a net margin of 4.75%.The business had revenue of £168.80 million for the quarter. As a group, analysts expect that Victorian Plumbing Group will post 5.980995 EPS for the current fiscal year.

About Victorian Plumbing Group

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.