Victorian Plumbing Group’s (VIC) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a research note published on Tuesday, Marketbeat reports. The brokerage currently has a GBX 132 ($1.67) price objective on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Victorian Plumbing Group in a report on Tuesday.

Victorian Plumbing Group Price Performance

LON VIC opened at GBX 90.80 ($1.15) on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 88.15. The company has a fifty day simple moving average of GBX 98.95 and a 200 day simple moving average of GBX 104.16. The company has a market cap of £305.86 million, a P/E ratio of 55.63, a P/E/G ratio of 0.51 and a beta of 1.03. Victorian Plumbing Group has a 1 year low of GBX 74.80 ($0.95) and a 1 year high of GBX 124 ($1.57).

Victorian Plumbing Group (LON:VIC) last posted its quarterly earnings data on Wednesday, January 15th. The company reported GBX 1.80 ($0.02) earnings per share (EPS) for the quarter. Victorian Plumbing Group had a net margin of 1.86% and a return on equity of 10.60%. On average, sell-side analysts predict that Victorian Plumbing Group will post 5.980995 EPS for the current year.

Victorian Plumbing Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a dividend of GBX 1.09 ($0.01) per share. This is a boost from Victorian Plumbing Group’s previous dividend of $0.52. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, February 6th. Victorian Plumbing Group’s dividend payout ratio is presently 61.27%.

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.