Victorian Plumbing Group (LON:VIC) Shares Up 2.2% – Here’s What Happened

Victorian Plumbing Group plc (LON:VICGet Free Report)’s stock price shot up 2.2% on Friday . The company traded as high as GBX 78.04 and last traded at GBX 75.60. 209,154 shares traded hands during trading, a decline of 23% from the average daily volume of 270,252 shares. The stock had previously closed at GBX 74.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 100 price objective on shares of Victorian Plumbing Group in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Victorian Plumbing Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 107.40.

Check Out Our Latest Report on Victorian Plumbing Group

Victorian Plumbing Group Stock Up 2.2%

The stock has a market capitalization of £248.28 million, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 82.83. The business’s 50-day moving average is GBX 74.77 and its two-hundred day moving average is GBX 76.29.

Insiders Place Their Bets

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. 48.16% of the stock is owned by company insiders.

Victorian Plumbing Group Company Profile

(Get Free Report)

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.

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