Victorian Plumbing Group (LON:VIC) Trading 0.8% Higher – Here’s What Happened

Victorian Plumbing Group plc (LON:VIC)’s stock price rose 0.8% during mid-day trading on Friday . The company traded as high as GBX 105.81 ($1.31) and last traded at GBX 105.81 ($1.31). Approximately 1,897,266 shares traded hands during trading, an increase of 188% from the average daily volume of 659,155 shares. The stock had previously closed at GBX 105 ($1.30).

Analysts Set New Price Targets

VIC has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Victorian Plumbing Group in a research note on Thursday, November 21st. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 132 ($1.64) price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 15th.

Victorian Plumbing Group Trading Up 0.8 %

The company has a fifty day simple moving average of GBX 102.96 and a 200-day simple moving average of GBX 103.34. The stock has a market cap of £344.64 million, a price-to-earnings ratio of 2,645.35, a P/E/G ratio of 0.51 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 1.05 and a debt-to-equity ratio of 89.32.

Victorian Plumbing Group (LON:VIC) last announced its earnings results 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 4.28% and a return on equity of 26.08%. On average, research analysts forecast that Victorian Plumbing Group plc will post 5.980995 earnings per share for the current fiscal year.

Victorian Plumbing Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 6th will be paid a dividend of GBX 1.09 ($0.01) per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Victorian Plumbing Group’s previous dividend of $0.52. Victorian Plumbing Group’s dividend payout ratio is 2,500.00%.

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.