Victorian Plumbing Group (LON:VIC) Given "Buy" Rating at Berenberg Bank

Key Points

• Berenberg Bank has reissued a "buy" rating for Victorian Plumbing Group (LON:VIC) with a price target of GBX 125, indicating a potential upside of 52.44% from its previous close.
• The stock is currently trading at GBX 82, reflecting a 5.1% increase in trading, with an average target price of GBX 109.83 among analysts.
• Victorian Plumbing Group is the UK's leading bathroom retailer, offering over 34,000 products and employing more than 600 staff across multiple locations.

Victorian Plumbing Group (LON:VIC - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 125 price target on the stock. Berenberg Bank's target price indicates a potential upside of 52.44% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Victorian Plumbing Group from GBX 95 to GBX 70 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 132 price objective on shares of Victorian Plumbing Group in a report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 109.83.

Victorian Plumbing Group Trading Up 5.1%

VIC stock traded up GBX 4 during trading on Tuesday, hitting GBX 82. The company had a trading volume of 545,967 shares, compared to its average volume of 737,929. The firm has a 50-day moving average price of GBX 66.11 and a 200-day moving average price of GBX 78.29. Victorian Plumbing Group has a 12 month low of GBX 56.80 and a 12 month high of GBX 124. 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 stock 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.

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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