Victorian Plumbing Group (LON:VIC) Given New GBX 125 Price Target at Berenberg Bank

Victorian Plumbing Group (LON:VIC) had its price objective reduced by stock analysts at Berenberg Bank from GBX 140 ($1.87) to GBX 125 ($1.67) in a report released on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 47.41% from the stock’s current price.

VIC has been the topic of a number of other research reports. Shore Capital reaffirmed a “buy” rating on shares of Victorian Plumbing Group in a research report on Tuesday, February 25th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 132 ($1.76) target price on shares of Victorian Plumbing Group in a research note on Tuesday, February 25th.

Victorian Plumbing Group Price Performance

Shares of VIC traded down GBX 0.60 ($0.01) during midday trading on Monday, hitting GBX 84.80 ($1.13). 1,450,943 shares of the company traded hands, compared to its average volume of 890,527. The stock has a 50-day moving average of GBX 94.42 and a 200-day moving average of GBX 99.85. The firm has a market cap of £285.65 million, a P/E ratio of 51.95, a PEG ratio of 0.51 and a beta of 1.03. The company has a debt-to-equity ratio of 88.15, a current ratio of 1.07 and a quick ratio of 1.05. Victorian Plumbing Group has a one year low of GBX 72.91 ($0.97) and a one year high of GBX 124 ($1.66).

Victorian Plumbing Group (LON:VIC) last released its quarterly earnings results on Wednesday, May 14th. The company reported GBX 1.90 ($0.03) earnings per share for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. As a group, sell-side analysts predict that Victorian Plumbing Group will post 5.980995 EPS for the current fiscal year.

Insider Transactions at Victorian Plumbing Group

In other news, insider Daniel Barton purchased 12,194 shares of Victorian Plumbing Group stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of GBX 82 ($1.10) per share, with a total value of £9,999.08 ($13,355.26). Company insiders own 62.35% of the company’s stock.

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.