Victorian Plumbing Group (LON:VIC) Trading Down 3% – Here’s Why

Victorian Plumbing Group plc (LON:VIC) shares were down 3% during mid-day trading on Thursday . The company traded as low as GBX 70.60 and last traded at GBX 70.60. Approximately 626,039 shares traded hands during trading, an increase of 196% from the average daily volume of 211,806 shares. The stock had previously closed at GBX 72.80.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Shore Capital Group reaffirmed a “buy” rating and set a GBX 90 target price on shares of Victorian Plumbing Group in a report on Wednesday, December 3rd. 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. Canaccord Genuity Group restated a “buy” rating and issued a GBX 132 price objective on shares of Victorian Plumbing Group in a research report on Wednesday, December 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 price objective on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Trading Down 3.4%

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 stock has a market cap of £223.21 million, a P/E ratio of 17.44, a P/E/G ratio of 0.51 and a beta of 0.90. The stock has a 50-day moving average price of GBX 80.73 and a 200-day moving average price of GBX 74.88.

Insider Transactions at Victorian Plumbing Group

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