Victorian Plumbing Group (LON:VIC) Trading Up 3% - Time to Buy?

Key Points

• Victorian Plumbing Group shares rose by 3% during mid-day trading, with recent trading at GBX 68 ($0.91). However, trading volume was down 77% compared to the average daily volume.
• Analysts have expressed mixed views, with Deutsche Bank lowering their price target for the stock from GBX 95 to GBX 70, while Canaccord Genuity reaffirmed a buy rating with a target of GBX 132, leading to an average rating of "Moderate Buy."
• The company has a market cap of £222.73 million, significant debt levels, and reports insider selling activity, with 48.26% of shares owned by insiders.

Victorian Plumbing Group plc (LON:VIC - Get Free Report) shares were up 3% during mid-day trading on Wednesday . The stock traded as high as GBX 69.80 ($0.94) and last traded at GBX 68 ($0.91). Approximately 170,712 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 747,078 shares. The stock had previously closed at GBX 66 ($0.89).

Wall Street Analyst Weigh In

Several analysts have issued reports on VIC shares. Deutsche Bank Aktiengesellschaft dropped their price target on Victorian Plumbing Group from GBX 95 to GBX 70 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 132 price target on shares of Victorian Plumbing Group in a research note on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 114.75.

Victorian Plumbing Group Price Performance

The company has a market cap of £222.73 million, a P/E ratio of 3,238.10, a PEG ratio of 0.51 and a beta of 1.03. The company has a fifty day moving average price of GBX 65.92 and a two-hundred day moving average price of GBX 79.40. The company has a debt-to-equity ratio of 88.15, a quick ratio of 1.05 and a current ratio of 1.07.

Insider Buying and Selling at Victorian Plumbing Group

In other news, insider Philip Bowcock sold 181,000 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of GBX 76, for a total value of £137,560. 48.26% of the stock is 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.

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