Victorian Plumbing Group (LON:VIC) Stock Price Target Raised at Berenberg Bank

Victorian Plumbing Group (LON:VIC) had its target price lifted by investment analysts at Berenberg Bank from GBX 115 to GBX 125 in a research report issued to clients and investors on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 47.37% from the stock’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on shares of Victorian Plumbing Group from GBX 132 to GBX 135 and gave the company a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Victorian Plumbing Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 110.

Victorian Plumbing Group Stock Performance

Shares of VIC opened at GBX 84.82 on Thursday. Victorian Plumbing Group has a 1 year low of GBX 63.86 and a 1 year high of GBX 90. The company has a market cap of £278.56 million, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14. 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 firm has a fifty day moving average of GBX 75.72 and a 200-day moving average of GBX 76.87.

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.