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

Key Points

• Canaccord Genuity Group has reiterated its "buy" rating for Victorian Plumbing Group, setting a price target of GBX 132, indicating a potential upside of 60.98% from its current price.
• Despite the positive outlook from Canaccord, Deutsche Bank has downgraded its price target from GBX 95 to GBX 70, maintaining a "hold" rating.
• Victorian Plumbing Group, the UK's leading bathroom retailer, has a market cap of £268.59 million and is known for its extensive range of over 34,000 products sold through online channels.

Victorian Plumbing Group (LON:VIC - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 132 price target on the stock. Canaccord Genuity Group's price target suggests a potential upside of 60.98% from the stock's current price.

VIC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. Berenberg Bank restated a "buy" rating and set a GBX 125 price target on shares of Victorian Plumbing Group in a report on Tuesday. Four investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of GBX 109.83.

Victorian Plumbing Group Price Performance

VIC traded up GBX 4 during trading on Tuesday, reaching GBX 82. The company's stock had a trading volume of 545,967 shares, compared to its average volume of 737,929. The firm has a fifty day simple moving average of GBX 66.11 and a two-hundred day simple moving average of GBX 78.29. The company has a market cap of £268.59 million, a price-to-earnings ratio of 3,904.76, a PEG ratio of 0.51 and a beta of 1.03. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. Victorian Plumbing Group has a 1 year low of GBX 56.80 and a 1 year high of GBX 124.

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.

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