Victorian Plumbing Group’s (VIC) “Buy” Rating Reaffirmed at Shore Capital

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reissued by Shore Capital in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 90 price target on the stock. Shore Capital’s price objective points to a potential upside of 23.97% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank restated a “buy” rating and issued a GBX 125 price objective on shares of Victorian Plumbing Group in a report on Wednesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 132 price objective on shares of Victorian Plumbing Group in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Victorian Plumbing Group from GBX 95 to GBX 70 and set a “hold” rating on the stock in a research note on Tuesday, August 26th. Finally, Peel Hunt upped their target price on shares of Victorian Plumbing Group from GBX 80 to GBX 110 and gave the company a “hold” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 105.40.

Victorian Plumbing Group Trading Down 0.5%

Shares of Victorian Plumbing Group stock traded down GBX 0.40 during mid-day trading on Wednesday, hitting GBX 72.60. The stock had a trading volume of 1,466,444 shares, compared to its average volume of 653,793. The firm has a 50-day moving average of GBX 74.65 and a two-hundred day moving average of GBX 72.34. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. The firm has a market cap of £237.80 million, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. Victorian Plumbing Group has a 12-month low of GBX 56.80 and a 12-month high of GBX 121.50.

Victorian Plumbing Group (LON:VIC) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 4.20 EPS for the quarter. Victorian Plumbing Group had a return on equity of 10.60% and a net margin of 1.86%. Sell-side analysts forecast that Victorian Plumbing Group will post 5.980995 earnings per share for the current 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.