Victorian Plumbing Group (LON:VIC) Trading Down 1.3% - Here's What Happened

Key Points

• Victorian Plumbing shares fell 1.3% to GBX 76 in Friday trading, with volume down 21% from the average.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of GBX 107.40, despite ratings ranging from Hold to Buy.
• The company reported quarterly revenue of £168.8 million and EPS of GBX 2.10; insider Daniel Barton sold 13,329 shares, while insiders retain a 48.16% ownership stake.

Shares of Victorian Plumbing Group plc (LON:VIC - Get Free Report) dropped 1.3% during trading on Friday . The stock traded as low as GBX 75 and last traded at GBX 76. 218,254 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 276,841 shares. The stock had previously closed at GBX 77.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VIC. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 80 target price on shares of Victorian Plumbing Group in a research report on Wednesday, May 20th. Shore Capital Group reaffirmed a "buy" rating and issued a GBX 100 price objective on shares of Victorian Plumbing Group in a research note on Thursday, June 4th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 115 price objective on shares of Victorian Plumbing Group in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 107.40.

Victorian Plumbing Group Price Performance

The company has a debt-to-equity ratio of 82.83, a quick ratio of 1.05 and a current ratio of 1.22. The business has a 50 day moving average price of GBX 78.83 and a 200-day moving average price of GBX 78.33. The company has a market capitalization of £249.60 million, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.51 and a beta of 1.13.

Victorian Plumbing Group (LON:VIC - Get Free Report) last released its earnings results on Tuesday, May 19th. The company reported GBX 2.10 EPS for the quarter. The business had revenue of £168.80 million during the quarter. Victorian Plumbing Group had a return on equity of 24.66% and a net margin of 4.75%. Research analysts predict that Victorian Plumbing Group plc will post 5.980995 EPS for the current fiscal year.

Insider Activity

In other news, insider Daniel Barton sold 13,329 shares of the firm's stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of GBX 77, for a total transaction of £10,263.33. Insiders own 48.16% of the company's stock.

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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