Victorian Plumbing Group (LON:VIC) Stock Price Down 4.5% – Time to Sell?

Victorian Plumbing Group plc (LON:VIC)’s stock price traded down 4.5% during mid-day trading on Thursday . The stock traded as low as GBX 72.60 and last traded at GBX 72.60. 391,479 shares changed hands during trading, an increase of 37% from the average session volume of 285,160 shares. The stock had previously closed at GBX 76.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 price objective on shares of Victorian Plumbing Group in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Victorian Plumbing Group currently has an average rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Trading Down 4.5%

The stock has a market capitalization of £238.36 million, a price-to-earnings ratio of 18.62, a PEG ratio of 0.51 and a beta of 0.90. The company has a debt-to-equity ratio of 84.32, a quick ratio of 1.05 and a current ratio of 1.25. The business has a 50-day moving average of GBX 76.18 and a 200-day moving average of GBX 76.24.

Insider Activity

In related news, insider Daniel Barton sold 54,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total value of £45,360. 48.16% of the stock is currently owned by company insiders.

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.