Victorian Plumbing Group (LON:VIC) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 132 ($1.66) price target on the stock.

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

Victorian Plumbing Group Stock Performance

LON:VIC opened at GBX 92 ($1.16) on Tuesday. Victorian Plumbing Group has a twelve month low of GBX 74.80 ($0.94) and a twelve month high of GBX 124 ($1.56). The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 88.15. The firm has a market capitalization of £309.90 million, a PE ratio of 56.37, a price-to-earnings-growth ratio of 0.51 and a beta of 1.03. The stock’s 50-day simple moving average is GBX 98.44 and its 200 day simple moving average is GBX 103.98.

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

Victorian Plumbing Group Increases Dividend

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