Victorian Plumbing Group (LON:VIC) Earns “Buy” Rating from Berenberg Bank

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 125 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 64.04% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Shore Capital restated a “buy” rating and issued a GBX 90 price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft decreased 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 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 report on Tuesday, October 7th. Finally, Peel Hunt boosted their target price on Victorian Plumbing Group from GBX 80 to GBX 110 and gave the stock a “hold” rating in a research note 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 107.40.

Victorian Plumbing Group Price Performance

VIC opened at GBX 76.20 on Wednesday. The stock’s 50-day moving average price is GBX 74.90 and its 200 day moving average price is GBX 72.37. Victorian Plumbing Group has a 12-month low of GBX 56.80 and a 12-month high of GBX 121.48. The firm has a market cap of £249.59 million, a price-to-earnings ratio of 36.29, a PEG ratio of 0.51 and a beta of 1.03. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 88.15.

Victorian Plumbing Group (LON:VIC) last released its earnings results on Wednesday, December 3rd. The company reported GBX 4.20 earnings per share for the quarter. Victorian Plumbing Group had a return on equity of 10.60% and a net margin of 1.86%. As a group, sell-side analysts expect that Victorian Plumbing Group will post 5.980995 earnings per share for the current 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.