Victorian Plumbing Group (LON:VIC) Hits New 1-Year High – Should You Buy?

Shares of Victorian Plumbing Group plc (LON:VIC) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 115 ($1.49) and last traded at GBX 115 ($1.49), with a volume of 483961 shares. The stock had previously closed at GBX 112 ($1.45).

Analysts Set New Price Targets

VIC has been the subject of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 132 ($1.71) price objective on shares of Victorian Plumbing Group in a report on Tuesday, October 15th. Shore Capital reissued a “not rated” rating on shares of Victorian Plumbing Group in a research note on Tuesday, October 15th.

Victorian Plumbing Group Price Performance

The company has a debt-to-equity ratio of 89.32, a quick ratio of 1.05 and a current ratio of 1.57. The firm has a market capitalization of £374.56 million, a P/E ratio of 2,875.00, a P/E/G ratio of 0.51 and a beta of 1.03. The stock’s 50 day simple moving average is GBX 103.93 and its 200 day simple moving average is GBX 93.28.

Insiders Place Their Bets

In other Victorian Plumbing Group news, insider Mark Radcliffe sold 2,700,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of GBX 100 ($1.30), for a total value of £2,700,000 ($3,505,582.97). 62.35% of the stock is currently owned by company insiders.

About Victorian Plumbing Group

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.