Victorian Plumbing Group’s (VIC) “Buy” Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Victorian Plumbing Group (LON:VIC) in a report published on Tuesday,London Stock Exchange reports.

Victorian Plumbing Group Trading Up 1.1 %

VIC opened at GBX 92 ($1.16) on Tuesday. Victorian Plumbing Group has a one year low of GBX 74.80 ($0.94) and a one year high of GBX 124 ($1.56). The firm has a market capitalization of £309.90 million, a price-to-earnings ratio of 56.37, a PEG ratio of 0.51 and a beta of 1.03. The business has a 50 day simple moving average of GBX 98.44 and a two-hundred day simple moving average of GBX 103.98. The company has a debt-to-equity ratio of 88.15, a current ratio of 1.07 and a quick ratio of 1.05.

Victorian Plumbing Group (LON:VIC) last released its quarterly 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%. Analysts predict that Victorian Plumbing Group will post 5.980995 EPS for the current year.

Victorian Plumbing Group Increases Dividend

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