Victorian Plumbing Group (LON:VIC) Trading Down 0.2% – Should You Sell?

Victorian Plumbing Group plc (LON:VIC) traded down 0.2% during mid-day trading on Wednesday . The company traded as low as GBX 89.60 ($1.16) and last traded at GBX 91 ($1.17). 414,676 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 647,227 shares. The stock had previously closed at GBX 91.20 ($1.18).

Wall Street Analyst Weigh In

Several brokerages recently commented on VIC. Shore Capital restated a “buy” rating on shares of Victorian Plumbing Group in a report on Tuesday, February 25th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 132 ($1.70) price target on shares of Victorian Plumbing Group in a research report on Tuesday, February 25th.

Victorian Plumbing Group Price Performance

The stock has a market cap of £313.27 million, a price-to-earnings ratio of 56.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. The company has a debt-to-equity ratio of 88.15, a quick ratio of 1.05 and a current ratio of 1.07. The company has a 50-day simple moving average of GBX 96.97 and a two-hundred day simple moving average of GBX 103.27.

Victorian Plumbing Group (LON:VIC) last issued its earnings results on Wednesday, January 15th. The company reported GBX 1.80 ($0.02) earnings per share for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. As a group, equities research analysts forecast that Victorian Plumbing Group plc will post 5.980995 EPS for the current year.

Victorian Plumbing Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were issued a GBX 1.09 ($0.01) dividend. This represents a dividend yield of 1.14%. This is a boost from Victorian Plumbing Group’s previous dividend of $0.52. The ex-dividend date of this dividend was Thursday, February 6th. Victorian Plumbing Group’s dividend payout ratio is presently 61.27%.

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.