Victorian Plumbing Group (LON:VIC) Trading Up 2% - Should You Buy?

Key Points

• Victorian Plumbing Group's shares increased by 2%, closing at GBX 72.40 ($0.97), despite a significant drop in trading volume.
• Berenberg Bank has lowered its price target on the company's stock from GBX 140 ($1.88) to GBX 125 ($1.68), while maintaining a "buy" rating.
• Recent insider transactions included the sale of 181,000 shares by Philip Bowcock for £137,560 ($184,867.63), indicating a substantial level of insider ownership at 62.35%.

Victorian Plumbing Group plc (LON:VIC - Get Free Report)'s share price rose 2% on Thursday . The company traded as high as GBX 72.40 ($0.97) and last traded at GBX 72.40 ($0.97). Approximately 195,950 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 807,660 shares. The stock had previously closed at GBX 71 ($0.95).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on shares of Victorian Plumbing Group from GBX 140 ($1.88) to GBX 125 ($1.68) and set a "buy" rating on the stock in a research note on Monday, May 19th.

Victorian Plumbing Group Price Performance

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 stock's 50 day simple moving average is GBX 76.34 and its two-hundred day simple moving average is GBX 89.22. The firm has a market capitalization of £247.25 million, a PE ratio of 44.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03.

Victorian Plumbing Group (LON:VIC - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported GBX 1.90 ($0.03) earnings per share for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. On average, sell-side analysts forecast that Victorian Plumbing Group plc will post 5.980995 EPS for the current year.

Insider Activity at Victorian Plumbing Group

In other Victorian Plumbing Group news, 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 ($1.05), for a total value of £70,526.04 ($94,767.59). Also, 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 ($1.02), for a total transaction of £137,560 ($184,842.78). 62.35% of the stock is currently owned by company insiders.

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.