Victorian Plumbing Group (LON:VIC) Stock Price Expected to Rise, Peel Hunt Analyst Says

Key Points

• Peel Hunt has increased its target price for Victorian Plumbing Group from GBX 80 to GBX 110, suggesting a potential upside of 34.15% from its current price.
• Victorian Plumbing's stock recently rose by 5.1%, reaching GBX 82, with a total trading volume of 545,967 shares.
• The company currently has a consensus rating of "Moderate Buy" among analysts, with four rating it a Buy and two giving it a Hold rating.

Victorian Plumbing Group (LON:VIC - Get Free Report) had its target price increased by equities researchers at Peel Hunt from GBX 80 to GBX 110 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Peel Hunt's price target would suggest a potential upside of 34.15% from the company's current price.

A number of other analysts have also recently issued reports on VIC. Deutsche Bank Aktiengesellschaft reduced their price objective on 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 reaffirmed a "buy" rating and set a GBX 125 price objective on shares of Victorian Plumbing Group in a research report on Tuesday. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 132 target price on shares of Victorian Plumbing Group in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Victorian Plumbing Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 109.83.

Victorian Plumbing Group Stock Up 5.1%

Shares of LON:VIC traded up GBX 4 during trading on Tuesday, reaching GBX 82. 545,967 shares of the company traded hands, compared to its average volume of 737,929. The firm has a fifty day simple moving average of GBX 66.11 and a 200 day simple moving average of GBX 78.29. 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. The firm has a market cap 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.

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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