Victorian Plumbing Group (LON:VIC) Shares Up 2.6% – Here’s Why

Victorian Plumbing Group plc (LON:VIC)’s stock price was up 2.6% during trading on Thursday . The stock traded as high as GBX 80 and last traded at GBX 80. Approximately 279,173 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 208,815 shares. The stock had previously closed at GBX 78.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIC. Deutsche Bank Aktiengesellschaft increased their price target on shares of Victorian Plumbing Group from GBX 70 to GBX 80 and gave the stock a “hold” rating in a report on Wednesday, December 3rd. Shore Capital reissued a “buy” rating and issued a GBX 90 price target on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Peel Hunt upped their price objective on shares of Victorian Plumbing Group from GBX 80 to GBX 110 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 132 price objective on shares of Victorian Plumbing Group in a report on Wednesday, December 3rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 125 target price on shares of Victorian Plumbing Group in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 107.40.

Victorian Plumbing Group Stock Performance

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 firm’s 50-day moving average price is GBX 73.61 and its two-hundred day moving average price is GBX 71.55. The stock has a market cap of £262.61 million, a price-to-earnings ratio of 20.51, a PEG ratio of 0.51 and a beta of 1.03.

Victorian Plumbing Group (LON:VIC) last issued its earnings results on Wednesday, December 3rd. The company reported GBX 4.20 EPS for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. On average, analysts expect that Victorian Plumbing Group plc will post 5.980995 EPS for the current fiscal year.

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.