Victorian Plumbing Group (LON:VIC) Stock Price Up 1.3% – What’s Next?

Victorian Plumbing Group plc (LON:VIC) shot up 1.3% during trading on Thursday . The company traded as high as GBX 81 and last traded at GBX 81. 122,658 shares changed 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VIC shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 80 target price on shares of Victorian Plumbing Group in a research note on Wednesday, May 20th. Shore Capital Group reiterated a “buy” rating and issued a GBX 100 target price on shares of Victorian Plumbing Group in a research note on Thursday, June 4th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 115 target price on shares of Victorian Plumbing Group in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Victorian Plumbing Group has an average rating of “Moderate Buy” and a consensus price target of GBX 107.40.

Victorian Plumbing Group Price Performance

The company has a market cap of £266.02 million, a price-to-earnings ratio of 19.76, a PEG ratio of 0.51 and a beta of 1.13. The company’s 50 day moving average price is GBX 79.26 and its 200 day moving average price is GBX 77.66. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 82.83.

Victorian Plumbing Group (LON:VIC) last issued its quarterly earnings results on Tuesday, May 19th. The company reported GBX 2.10 earnings per share (EPS) for the quarter. The business had revenue of £168.80 million for the quarter. Victorian Plumbing Group had a net margin of 4.75% and a return on equity of 24.66%. Equities research analysts forecast that Victorian Plumbing Group plc will post 5.980995 earnings per share for the current year.

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.