Victorian Plumbing Group (LON:VIC) Shares Down 5.7% – Should You Sell?

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

Analyst Upgrades and Downgrades

VIC has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 132 ($1.62) target price on shares of Victorian Plumbing Group in a report on Tuesday, October 15th. Shore Capital reaffirmed a “buy” rating on shares of Victorian Plumbing Group in a research note on Thursday, November 21st.

Victorian Plumbing Group Stock Performance

The business’s 50-day moving average is GBX 106.32 and its 200-day moving average is GBX 102.15. The company has a market capitalization of £309.42 million, a PE ratio of 2,375.00, 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.