Victorian Plumbing Group’s (VIC) “Buy” Rating Reiterated at Canaccord Genuity Group

Victorian Plumbing Group (LON:VIC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 132 ($1.67) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 45.37% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Victorian Plumbing Group in a research note on Tuesday.

Victorian Plumbing Group Price Performance

VIC traded down GBX 1.20 ($0.02) during midday trading on Tuesday, reaching GBX 90.80 ($1.15). 1,060,024 shares of the company’s stock were exchanged, compared to its average volume of 688,898. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. The business has a 50-day simple moving average of GBX 99.26 and a two-hundred day simple moving average of GBX 104.15. Victorian Plumbing Group has a one year low of GBX 74.80 ($0.94) and a one year high of GBX 124 ($1.56). The firm has a market capitalization of £305.86 million, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03.

Victorian Plumbing Group (LON:VIC) last issued its quarterly earnings results on Wednesday, January 15th. The company reported GBX 1.80 ($0.02) earnings per share (EPS) for the quarter. Victorian Plumbing Group had a return on equity of 10.60% and a net margin of 1.86%. As a group, research analysts predict that Victorian Plumbing Group will post 5.980995 EPS for the current year.

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.