Victorian Plumbing Group (LON:VIC) Shares Down 5.7% – Here’s What Happened

Victorian Plumbing Group plc (LON:VIC)’s stock price fell 5.7% during mid-day trading on Monday . The stock traded as low as GBX 90 ($1.10) and last traded at GBX 92 ($1.13). 121,392 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 789,745 shares. The stock had previously closed at GBX 97.57 ($1.19).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 132 ($1.62) price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 15th. Shore Capital restated a “buy” rating on shares of Victorian Plumbing Group in a research note on Thursday, November 21st.

Victorian Plumbing Group Trading Down 5.7 %

The business has a fifty day simple moving average of GBX 106.60 and a 200-day simple moving average of GBX 102.13. The firm has a market cap of £299.64 million, a price-to-earnings ratio of 2,300.00, a PEG ratio of 0.51 and a beta of 1.03. The company has a debt-to-equity ratio of 89.32, a quick ratio of 1.05 and a current ratio of 1.57.

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.