Victorian Plumbing Group (LON:VIC) Trading Down 2.6% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VIC. Shore Capital reiterated a “not rated” rating on shares of Victorian Plumbing Group in a research report on Tuesday, October 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 132 ($1.66) target price on shares of Victorian Plumbing Group in a report on Tuesday, October 15th.

Victorian Plumbing Group Stock Performance

The firm’s fifty day simple moving average is GBX 107.71 and its 200 day simple moving average is GBX 96.59. The company has a market capitalization of £361.53 million, a price-to-earnings ratio of 2,775.00, a PEG ratio of 0.51 and a beta of 1.03. The company has a debt-to-equity ratio of 89.32, a current ratio of 1.57 and a quick ratio of 1.05.

Insider Buying and Selling

In other Victorian Plumbing Group news, insider Mark Radcliffe sold 2,700,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of GBX 100 ($1.26), for a total transaction of £2,700,000 ($3,402,646.50). Company insiders own 62.35% of the company’s stock.

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.