Victorian Plumbing Group (LON:VIC) Shares Down 3.6% – Here’s Why

Victorian Plumbing Group plc (LON:VIC)’s share price fell 3.6% during trading on Thursday . The company traded as low as GBX 84.60 and last traded at GBX 84.60. 120,343 shares were traded during mid-day trading, a decline of 43% from the average session volume of 212,193 shares. The stock had previously closed at GBX 87.80.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VIC. Canaccord Genuity Group restated a “buy” rating and issued a GBX 132 price target on shares of Victorian Plumbing Group in a research report on Wednesday, December 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 125 price objective on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Shore Capital Group restated a “buy” rating and set a GBX 90 target price on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Victorian Plumbing Group from GBX 70 to GBX 80 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Three investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 107.40.

Victorian Plumbing Group Price Performance

The firm has a 50 day moving average of GBX 77.34 and a 200-day moving average of GBX 72.72. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 88.15. The company has a market cap of £285.26 million, a P/E ratio of 22.28, a P/E/G ratio of 0.51 and a beta of 1.03.

Victorian Plumbing Group (LON:VIC) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 4.20 earnings per share for the quarter. Victorian Plumbing Group had a return on equity of 10.60% and a net margin of 1.86%. On average, equities research analysts predict that Victorian Plumbing Group plc will post 5.980995 EPS for the current 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.