Victorian Plumbing Group (LON:VIC) Posts Quarterly Earnings Results

Victorian Plumbing Group (LON:VIC) released its quarterly earnings results on Tuesday. The company reported GBX 2.10 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of £168.80 million during the quarter. Victorian Plumbing Group had a return on equity of 22.57% and a net margin of 4.21%.

Victorian Plumbing Group Stock Up 0.9%

Shares of VIC opened at GBX 75.90 on Thursday. The firm has a market capitalization of £249.20 million, a price-to-earnings ratio of 19.46, a PEG ratio of 0.51 and a beta of 1.14. The company has a debt-to-equity ratio of 84.32, a quick ratio of 1.05 and a current ratio of 1.25. The business’s fifty day moving average price is GBX 74.59 and its two-hundred day moving average price is GBX 76.24. Victorian Plumbing Group has a 52 week low of GBX 56.80 and a 52 week high of GBX 90.

Insider Buying and Selling

In other Victorian Plumbing Group news, insider Daniel Barton sold 54,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of GBX 84, for a total value of £45,360. Insiders own 48.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VIC. Berenberg Bank reiterated a “buy” rating and set a GBX 115 price target on shares of Victorian Plumbing Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 80 price objective on shares of Victorian Plumbing Group in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 105.40.

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.