Victorian Plumbing Group (LON:VIC) Sets New 1-Year High – Here’s Why

Victorian Plumbing Group plc (LON:VIC) shares hit a new 52-week high on Tuesday. The stock traded as high as GBX 90.90 and last traded at GBX 90, with a volume of 121,488 shares trading hands. The stock had previously closed at GBX 87.90.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VIC shares. Berenberg Bank lifted their target price on shares of Victorian Plumbing Group from GBX 115 to GBX 125 and gave the company a “buy” rating in a research note on Thursday, October 15th. Canaccord Genuity Group increased their price target on shares of Victorian Plumbing Group from GBX 132 to GBX 135 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 110.

Victorian Plumbing Group Stock Performance

The company has a market cap of £293.28 million, a P/E ratio of 21.78, a P/E/G ratio of 0.51 and a beta of 1.14. The firm has a 50 day moving average price of GBX 80.48 and a 200-day moving average price of GBX 78.55. The company has a debt-to-equity ratio of 82.83, a quick ratio of 1.05 and a current ratio of 1.22.

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.