Victorian Plumbing Group (LON:VIC) Sets New 12-Month High – Still a Buy?

Victorian Plumbing Group plc (LON:VIC) shares reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 90.90 and last traded at GBX 90, with a volume of 121,488 shares changing hands. The stock had previously closed at GBX 87.90.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Victorian Plumbing Group from GBX 132 to GBX 135 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Berenberg Bank boosted their target price on shares of Victorian Plumbing Group from GBX 115 to GBX 125 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 110.

Victorian Plumbing Group Stock Performance

The firm’s fifty day simple moving average is GBX 79.90 and its 200 day simple moving average is GBX 78.47. The company has a market capitalization of £295.58 million, a PE ratio of 21.95, 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 current ratio of 1.22 and a quick ratio of 1.05.

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.