Victorian Plumbing Group (LON:VIC) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a research report released on Tuesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 132 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 125 price objective on shares of Victorian Plumbing Group in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a “hold” rating on the stock in a report on Tuesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Victorian Plumbing Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 109.83.

Victorian Plumbing Group Stock Up 5.1%

VIC stock opened at GBX 82 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. Victorian Plumbing Group has a fifty-two week low of GBX 56.80 and a fifty-two week high of GBX 124. The firm’s 50-day simple moving average is GBX 66.28 and its 200 day simple moving average is GBX 78.31. The stock has a market cap of £268.59 million, a PE ratio of 3,904.76, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03.

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.