Berenberg Bank Lowers Victorian Plumbing Group (LON:VIC) Price Target to GBX 125

Victorian Plumbing Group (LON:VIC) had its price objective cut by stock analysts at Berenberg Bank from GBX 140 ($1.87) to GBX 125 ($1.67) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 47.41% from the stock’s previous close.

Several other research firms have also recently issued reports on VIC. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 132 ($1.77) target price on shares of Victorian Plumbing Group in a research report on Tuesday, February 25th. Shore Capital reaffirmed a “buy” rating on shares of Victorian Plumbing Group in a research note on Tuesday, February 25th.

Victorian Plumbing Group Stock Performance

Shares of VIC stock opened at GBX 84.80 ($1.14) on Monday. The stock’s 50-day moving average price is GBX 94.32 and its 200 day moving average price is GBX 99.75. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. The stock has a market capitalization of £285.65 million, a PE ratio of 51.95, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. Victorian Plumbing Group has a 52-week low of GBX 72.91 ($0.98) and a 52-week high of GBX 124 ($1.66).

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

Insider Activity at Victorian Plumbing Group

In other news, insider Daniel Barton acquired 12,194 shares of Victorian Plumbing Group stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of GBX 82 ($1.10) per share, with a total value of £9,999.08 ($13,391.03). Corporate insiders own 62.35% 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.