Victorian Plumbing Group’s (VIC) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a research report released on Wednesday, MarketBeat.com reports. They currently have a GBX 125 price target on the stock.

VIC has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 132 price objective on shares of Victorian Plumbing Group in a research note 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 stock a “hold” rating in a research note on Tuesday, October 7th. Finally, Shore Capital restated a “buy” rating and issued a GBX 90 price target on shares of Victorian Plumbing Group in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 107.40.

Victorian Plumbing Group Price Performance

Shares of Victorian Plumbing Group stock opened at GBX 76 on Wednesday. The stock has a market capitalization of £248.74 million, a P/E ratio of 36.19, a PEG ratio of 0.51 and a beta of 1.03. The business has a 50 day simple moving average of GBX 75.08 and a two-hundred day simple moving average of GBX 72.31. Victorian Plumbing Group has a 12 month low of GBX 56.80 and a 12 month high of GBX 120. The company has a debt-to-equity ratio of 88.15, a current ratio of 1.07 and a quick ratio of 1.05.

Victorian Plumbing Group (LON:VIC) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 4.20 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, analysts predict that Victorian Plumbing Group will post 5.980995 EPS for the current fiscal year.

About Victorian Plumbing Group

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.