Victorian Plumbing Group (LON:VIC) Shares Down 2.6% – Here’s What Happened

Victorian Plumbing Group plc (LON:VIC)’s share price dropped 2.6% on Friday . The company traded as low as GBX 111 ($1.40) and last traded at GBX 111 ($1.40). Approximately 155,079 shares changed hands during trading, a decline of 58% from the average daily volume of 371,375 shares. The stock had previously closed at GBX 114 ($1.44).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VIC shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 132 ($1.66) price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 15th. Shore Capital reissued a “not rated” rating on shares of Victorian Plumbing Group in a research note on Tuesday, October 15th.

Victorian Plumbing Group Stock Performance

The company has a market cap of £361.53 million, a PE ratio of 2,775.00, a P/E/G ratio of 0.51 and a beta of 1.03. The company has a quick ratio of 1.05, a current ratio of 1.57 and a debt-to-equity ratio of 89.32. The stock’s 50 day simple moving average is GBX 107.71 and its two-hundred day simple moving average is GBX 96.59.

Insiders Place Their Bets

In other news, insider Mark Radcliffe sold 2,700,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of GBX 100 ($1.26), for a total value of £2,700,000 ($3,402,646.50). 62.35% of the stock is owned by insiders.

Victorian Plumbing Group Company Profile

Victorian Plumbing Group plc operates as an online retailer of bathroom products and accessories in the United Kingdom. The company was incorporated in 2021 and is headquartered in Skelmersdale, the United Kingdom.