Victorian Plumbing Group (LON:VIC) Stock Price Down 1.3% – Here’s What Happened

Victorian Plumbing Group plc (LON:VIC) traded down 1.3% on Friday . The stock traded as low as GBX 75 and last traded at GBX 76. Approximately 218,254 shares changed hands during trading, a decline of 21% from the average session volume of 276,841 shares. The stock had previously closed at GBX 77.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIC. Shore Capital Group reissued a “buy” rating and set a GBX 100 price objective on shares of Victorian Plumbing Group in a research report on Thursday, June 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 115 target price on shares of Victorian Plumbing Group in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 80 price target on shares of Victorian Plumbing Group in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Victorian Plumbing Group has an average rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Stock Performance

The company has a debt-to-equity ratio of 82.83, a current ratio of 1.22 and a quick ratio of 1.05. The company’s fifty day simple moving average is GBX 78.83 and its two-hundred day simple moving average is GBX 78.33. The stock has a market cap of £249.60 million, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.51 and a beta of 1.13.

Victorian Plumbing Group (LON:VIC) last released its quarterly earnings data on Tuesday, May 19th. The company reported GBX 2.10 earnings per share for the quarter. The firm had revenue of £168.80 million for the quarter. Victorian Plumbing Group had a net margin of 4.75% and a return on equity of 24.66%. On average, analysts forecast that Victorian Plumbing Group plc will post 5.980995 earnings per share for the current year.

Insider Buying and Selling at Victorian Plumbing Group

In related news, insider Daniel Barton sold 13,329 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of GBX 77, for a total value of £10,263.33. 48.16% of the stock is owned by corporate insiders.

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.