Victorian Plumbing Group (LON:VIC) Price Target Lowered to GBX 70 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has decreased the price target for Victorian Plumbing Group from GBX 95 to GBX 70, maintaining a "hold" rating on the stock.
• Berenberg Bank has also reduced its target price to GBX 125, while issuing a "buy" rating, indicating mixed analyst opinions on the company's stock.
• Victorian Plumbing Group has a current market cap of £216.26 million and is facing challenges with a debt-to-equity ratio of 88.15.

Victorian Plumbing Group (LON:VIC - Get Free Report) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 95 to GBX 70 in a note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 10.41% from the stock's previous close.

Separately, Berenberg Bank dropped their price target on Victorian Plumbing Group from GBX 140 to GBX 125 and set a "buy" rating on the stock in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Victorian Plumbing Group presently has an average rating of "Moderate Buy" and a consensus price target of GBX 114.75.

Victorian Plumbing Group Stock Down 0.9%

Shares of VIC traded down GBX 0.60 during mid-day trading on Tuesday, reaching GBX 63.40. The company had a trading volume of 155,764 shares, compared to its average volume of 758,788. The company has a debt-to-equity ratio of 88.15, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a 50-day moving average price of GBX 71.40 and a 200 day moving average price of GBX 83.83. Victorian Plumbing Group has a 52 week low of GBX 62 and a 52 week high of GBX 124. The company has a market capitalization of £213.56 million, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03.

Insiders Place Their Bets

In other Victorian Plumbing Group news, insider Daniel Barton sold 90,418 shares of the business's 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. Also, insider Philip Bowcock sold 181,000 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of GBX 76, for a total transaction of £137,560. 62.35% of the stock is currently owned by insiders.

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.