Victorian Plumbing Group (LON:VIC) Price Target Raised to GBX 110 at Peel Hunt

Victorian Plumbing Group (LON:VIC) had its price target increased by Peel Hunt from GBX 80 to GBX 110 in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a hold rating on the stock.

VIC has been the topic of several other research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 125 price target on shares of Victorian Plumbing Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 132 price target on shares of Victorian Plumbing Group in a research report on Tuesday. Four 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 109.83.

Victorian Plumbing Group Stock Up 5.1%

Shares of LON VIC opened at GBX 82 on Tuesday. The firm’s 50-day simple moving average is GBX 66.28 and its 200 day simple moving average is GBX 78.31. The company has a market cap of £268.59 million, a price-to-earnings ratio of 3,904.76, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. 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 12-month low of GBX 56.80 and a 12-month high of GBX 124.

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.