Shore Capital Reiterates Buy Rating for Victorian Plumbing Group (LON:VIC)

Key Points

• Shore Capital has reaffirmed a buy rating for Victorian Plumbing Group, setting a price target of GBX 90, indicating a potential upside of 9.76% from the current stock price.
• Multiple analysts have issued varying ratings for the company, with Berenberg Bank setting the highest target price at GBX 125, while Deutsche Bank lowered its target to GBX 70.
• Victorian Plumbing is the UK’s leading bathroom retailer, offering a wide range of over 34,000 products across various price points, supported by a strong online marketing strategy.

Victorian Plumbing Group (LON:VIC - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 90 price target on the stock. Shore Capital's price target suggests a potential upside of 9.76% from the stock's current price.

Several other analysts also recently issued reports on VIC. Berenberg Bank reissued a "buy" rating and set a GBX 125 target price on shares of Victorian Plumbing Group in a research note on Tuesday. Peel Hunt lifted their price objective on shares of Victorian Plumbing Group from GBX 80 to GBX 110 and gave the company a "hold" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a "hold" rating on the stock in a report on Tuesday, August 26th. Finally, 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 Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 109.83.

Victorian Plumbing Group Price Performance

VIC stock 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 company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. The company's fifty day moving average is GBX 66.11 and its 200-day moving average is GBX 78.29. The company has a market capitalization of £268.59 million, a P/E ratio of 3,904.76, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. Victorian Plumbing Group has a 1 year low of GBX 56.80 and a 1 year high of GBX 124.

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.

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