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

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 125 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 79.08% from the company’s current price.

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

Victorian Plumbing Group Price Performance

Shares of VIC stock traded down GBX 0.20 during mid-day trading on Thursday, hitting GBX 69.80. The company had a trading volume of 673,984 shares, compared to its average volume of 215,003. 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 company 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 stock’s 50 day moving average price is GBX 79.04 and its 200-day moving average price is GBX 75.52. Victorian Plumbing Group has a 52-week low of GBX 56.80 and a 52-week high of GBX 109.

Insider Activity at Victorian Plumbing Group

In related news, insider Daniel Barton sold 54,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of GBX 84, for a total value of £45,360. Corporate insiders own 48.16% of the company’s stock.

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.