Victorian Plumbing Group’s (VIC) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a report released on Thursday,London Stock Exchange reports. Berenberg Bank currently has a GBX 125 price target on the stock.

A number of other equities research analysts have also weighed in on the company. Shore Capital Group reiterated a “buy” rating and issued a GBX 90 price objective on shares of Victorian Plumbing Group in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Victorian Plumbing Group from GBX 70 to GBX 80 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 132 target price on shares of Victorian Plumbing Group in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Victorian Plumbing Group currently has an average rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Stock Performance

LON:VIC opened at GBX 69.80 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 84.32. The firm has a market capitalization of £229.12 million, a P/E ratio of 17.90, a P/E/G ratio of 0.51 and a beta of 0.90. The company has a fifty day moving average of GBX 78.63 and a 200-day moving average of GBX 75.69. Victorian Plumbing Group has a twelve month low of GBX 56.80 and a twelve month high of GBX 109.

Insiders Place Their Bets

In other news, insider Daniel Barton sold 54,000 shares of Victorian Plumbing Group stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total value of £45,360. 48.16% of the stock is owned by insiders.

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.