Victorian Plumbing Group (LON:VIC) Stock Price Down 0.8% – Time to Sell?

Victorian Plumbing Group plc (LON:VIC)’s share price dropped 0.8% on Friday . The stock traded as low as GBX 73.10 and last traded at GBX 74. Approximately 163,622 shares were traded during mid-day trading, a decline of 40% from the average session volume of 273,011 shares. The stock had previously closed at GBX 74.60.

Analyst Ratings Changes

Several analysts have issued reports on VIC shares. Shore Capital Group restated a “buy” rating and set a GBX 100 price objective on shares of Victorian Plumbing Group in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 80 target price on shares of Victorian Plumbing Group in a research report on Wednesday, May 20th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 115 price target 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 107.40.

Victorian Plumbing Group Stock Performance

The stock’s 50-day moving average price is GBX 76.94 and its 200-day moving average price is GBX 77.69. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 82.83. The company has a market capitalization of £243.03 million, a P/E ratio of 18.05, a P/E/G ratio of 0.51 and a beta of 1.14.

Insiders Place Their Bets

In related news, insider Daniel Barton sold 13,329 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of GBX 77, for a total transaction of £10,263.33. 48.16% of the stock is currently owned by company insiders.

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.