Berenberg Bank Reiterates Buy Rating for Victorian Plumbing Group (LON:VIC)

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 115 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 51.32% from the stock’s current price.

Victorian Plumbing Group Price Performance

Shares of VIC opened at GBX 76 on Tuesday. The firm has a market capitalization of £249.52 million, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14. The company has a debt-to-equity ratio of 84.32, a quick ratio of 1.05 and a current ratio of 1.25. Victorian Plumbing Group has a one year low of GBX 56.80 and a one year high of GBX 90. The stock’s fifty day moving average is GBX 74.63 and its 200-day moving average is GBX 76.26.

Victorian Plumbing Group (LON:VIC) last issued its quarterly earnings results on Tuesday, May 19th. The company reported GBX 2.10 EPS for the quarter. The company had revenue of £168.80 million for the quarter. Victorian Plumbing Group had a return on equity of 22.57% and a net margin of 4.21%. Equities analysts anticipate that Victorian Plumbing Group will post 5.980995 EPS for the current year.

Insider Activity at Victorian Plumbing Group

In other news, insider Daniel Barton sold 54,000 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total transaction of £45,360. Company insiders own 48.16% of the company’s stock.

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.