Berenberg Bank Reaffirms Buy Rating for Victorian Plumbing Group (LON:VIC)

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 125 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 79.08% from the stock’s current price.

VIC has been the subject of several other reports. Shore Capital Group reissued a “buy” rating and issued a GBX 90 target price on shares of Victorian Plumbing Group in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Victorian Plumbing Group from GBX 70 to GBX 80 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 132 price objective on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Price Performance

Shares of VIC opened at GBX 69.80 on Thursday. Victorian Plumbing Group has a 1-year low of GBX 56.80 and a 1-year high of GBX 109. The stock has a market cap of £229.12 million, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.51 and a beta of 0.90. The company has a debt-to-equity ratio of 84.32, a current ratio of 1.25 and a quick ratio of 1.05. The firm has a fifty day moving average price of GBX 78.63 and a 200 day moving average price of GBX 75.56.

Insider Buying and Selling at Victorian Plumbing Group

In related news, insider Daniel Barton sold 54,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total transaction of £45,360. Company insiders own 48.16% 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.