Canaccord Genuity Group Reiterates "Buy" Rating for Victorian Plumbing Group (LON:VIC)

Key Points

• Canaccord Genuity Group has reaffirmed a "Buy" rating for Victorian Plumbing Group (LON:VIC) with a target price of GBX 132, indicating a potential upside of 121.08%.
• The stock currently holds a consensus rating of "Moderate Buy" across analysts, with a consensus target price of GBX 114.75.
• Insiders hold 48.26% of the company's stock, with notable sales from insiders Philip Bowcock and Daniel Barton in recent months.

Canaccord Genuity Group restated their buy rating on shares of Victorian Plumbing Group (LON:VIC - Free Report) in a research note published on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 132 target price on the stock.

VIC has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Berenberg Bank cut their price objective on shares of Victorian Plumbing Group from GBX 140 to GBX 125 and set a "buy" rating on the stock in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 114.75.

Victorian Plumbing Group Trading Down 1.7%

LON:VIC traded down GBX 1 during mid-day trading on Wednesday, hitting GBX 58. 624,423 shares of the company's stock were exchanged, compared to its average volume of 746,567. The company has a 50 day simple moving average of GBX 69.41 and a 200-day simple moving average of GBX 82.09. 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 has a fifty-two week low of GBX 57.20 and a fifty-two week high of GBX 124. The firm has a market capitalization of £189.98 million, a P/E ratio of 2,761.90, a PEG ratio of 0.51 and a beta of 1.03.

Insider Buying and Selling at Victorian Plumbing Group

In related news, insider Philip Bowcock sold 181,000 shares of Victorian Plumbing Group stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of GBX 76, for a total value of £137,560. Also, insider Daniel Barton sold 90,418 shares of Victorian Plumbing Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 78, for a total transaction of £70,526.04. Insiders own 48.26% 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.