Victorian Plumbing Group (LON:VIC) Trading Up 1.3% – Here’s Why

Victorian Plumbing Group plc (LON:VIC)’s share price was up 1.3% on Thursday . The stock traded as high as GBX 81 and last traded at GBX 81. Approximately 122,658 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 279,633 shares. The stock had previously closed at GBX 80.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Shore Capital Group reaffirmed a “buy” rating and set a GBX 100 target price on shares of Victorian Plumbing Group in a report on Thursday, June 4th. Berenberg Bank reissued a “buy” rating and set a GBX 115 price target on shares of Victorian Plumbing Group in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 80 price objective on shares of Victorian Plumbing Group in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Stock Performance

The firm has a market capitalization of £262.73 million, a price-to-earnings ratio of 19.51, a PEG ratio of 0.51 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 82.83. The stock’s 50-day moving average is GBX 79.27 and its 200-day moving average is GBX 77.67.

Victorian Plumbing Group (LON:VIC) last issued its quarterly earnings data on Tuesday, May 19th. The company reported GBX 2.10 earnings per share for the quarter. The business had revenue of £168.80 million for the quarter. Victorian Plumbing Group had a return on equity of 24.66% and a net margin of 4.75%. On average, analysts predict 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.