Victorian Plumbing Group (LON:VIC) Trading Down 3% – Should You Sell?

Victorian Plumbing Group plc (LON:VIC)’s stock price dropped 3% during mid-day trading on Thursday . The company traded as low as GBX 70.60 and last traded at GBX 70.60. 626,039 shares changed hands during mid-day trading, an increase of 196% from the average session volume of 211,806 shares. The stock had previously closed at GBX 72.80.

Analysts Set New Price Targets

VIC has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 132 target price on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Shore Capital Group reissued a “buy” rating and issued a GBX 90 price target on shares of Victorian Plumbing Group in a research note on Wednesday, December 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 price objective on shares of Victorian Plumbing Group in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Victorian Plumbing Group from GBX 70 to GBX 80 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Three 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 has an average rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Stock Performance

The company has a debt-to-equity ratio of 84.32, a quick ratio of 1.05 and a current ratio of 1.25. The company has a 50 day moving average price of GBX 80.94 and a 200 day moving average price of GBX 74.84. The company has a market capitalization of £231.75 million, a price-to-earnings ratio of 18.10, a P/E/G ratio of 0.51 and a beta of 0.90.

Insider Transactions at Victorian Plumbing Group

In other Victorian Plumbing Group news, insider Daniel Barton sold 54,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total value of £45,360. Insiders own 48.16% of the company’s stock.

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.