Victorian Plumbing Group (LON:VIC) Stock Price Up 14% - Here's Why

Key Points

• The stock price of Victorian Plumbing Group rose by 14%, trading at GBX 78.66 after reaching a high of GBX 82.40.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with a target price set at GBX 114.75 by MarketBeat.
• Insider Philip Bowcock sold 181,000 shares at an average price of GBX 76, indicating significant insider activity.

Victorian Plumbing Group plc (LON:VIC - Get Free Report)'s stock price shot up 14% on Tuesday . The stock traded as high as GBX 82.40 ($1.11) and last traded at GBX 78.66 ($1.06). 731,284 shares changed hands during trading, a decline of 1% from the average session volume of 738,097 shares. The stock had previously closed at GBX 69 ($0.93).

Analyst Ratings Changes

VIC has been the topic of several research analyst reports. 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 Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Victorian Plumbing Group from GBX 95 to GBX 70 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 114.75.

Victorian Plumbing Group Trading Up 14.0%

The business's 50-day moving average price is GBX 65.66 and its 200 day moving average price is GBX 78.80. The company has a debt-to-equity ratio of 88.15, a current ratio of 1.07 and a quick ratio of 1.05. The firm has a market capitalization of £257.64 million, a price-to-earnings ratio of 3,745.52, a PEG ratio of 0.51 and a beta of 1.03.

Insider Activity at Victorian Plumbing Group

In other news, 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. Insiders own 48.26% of the company's stock.

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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