Victorian Plumbing Group (LON:VIC) Shares Down 0.8% – Time to Sell?

Victorian Plumbing Group plc (LON:VIC) was down 0.8% during mid-day trading on Friday . The stock traded as low as GBX 73.10 and last traded at GBX 74. 163,622 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 273,011 shares. The stock had previously closed at GBX 74.60.

Wall Street Analysts Forecast Growth

VIC has been the subject of a number of recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 115 price objective on shares of Victorian Plumbing Group in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 80 target price on shares of Victorian Plumbing Group in a research note on Wednesday, May 20th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 100 price target on shares of Victorian Plumbing Group in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Victorian Plumbing Group has an average rating of “Moderate Buy” and an average target price of GBX 107.40.

Victorian Plumbing Group Trading Down 0.8%

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 has a market cap of £243.03 million, a P/E ratio of 18.05, a PEG ratio of 0.51 and a beta of 1.14. The firm’s 50-day simple moving average is GBX 76.94 and its 200 day simple moving average is GBX 77.69.

Insider Activity

In other news, insider Daniel Barton sold 13,329 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of GBX 77, for a total transaction of £10,263.33. Corporate insiders own 48.16% of the company’s stock.

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.