Victorian Plumbing Group (LON:VIC) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a research note released on Wednesday morning, Marketbeat reports. The firm currently has a GBX 125 price target on the stock.

A number of other equities research analysts have also issued reports on the company. Shore Capital reaffirmed a “buy” rating and issued a GBX 90 price target on shares of Victorian Plumbing Group in a research report on Tuesday, October 7th. Peel Hunt raised their target price on shares of Victorian Plumbing Group from GBX 80 to GBX 110 and gave the company a “hold” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a “hold” rating for the company in a report on Tuesday, August 26th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 132 price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 105.40.

Victorian Plumbing Group Price Performance

Shares of VIC opened at GBX 72.60 on Wednesday. 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 121.50. The company has a market cap of £237.80 million, a P/E ratio of 34.57, a PEG ratio of 0.51 and a beta of 1.03. The firm’s 50 day moving average price is GBX 74.74 and its 200 day moving average price is GBX 72.35.

Victorian Plumbing Group (LON:VIC) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 4.20 EPS for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. On average, research analysts forecast that Victorian Plumbing Group will post 5.980995 earnings per share for the current fiscal year.

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.