Berenberg Bank Reiterates Buy Rating for Victorian Plumbing Group (LON:VIC)

Victorian Plumbing Group (LON:VICGet Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 115 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 51.32% from the company’s current price.

Victorian Plumbing Group Price Performance

Shares of LON VIC opened at GBX 76 on Tuesday. Victorian Plumbing Group has a 1-year low of GBX 56.80 and a 1-year high of GBX 90. The company has a debt-to-equity ratio of 84.32, a current ratio of 1.25 and a quick ratio of 1.05. The business’s fifty day moving average price is GBX 74.63 and its two-hundred day moving average price is GBX 76.26. The firm has a market capitalization of £249.52 million, a PE ratio of 19.49, a P/E/G ratio of 0.51 and a beta of 1.14.

Victorian Plumbing Group (LON:VICGet Free Report) last issued its earnings results on Tuesday, May 19th. The company reported GBX 2.10 earnings per share for the quarter. Victorian Plumbing Group had a return on equity of 22.57% and a net margin of 4.21%.The firm had revenue of £168.80 million for the quarter. On average, research analysts expect that Victorian Plumbing Group will post 5.980995 EPS for the current year.

Insiders Place Their Bets

In other Victorian Plumbing Group news, insider Daniel Barton sold 54,000 shares of the stock in a transaction 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 corporate insiders.

About Victorian Plumbing Group

(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.

Further Reading

Analyst Recommendations for Victorian Plumbing Group (LON:VIC)

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