Victorian Plumbing Group (LON:VIC) Shares Up 1%

Posted by Defense World Staff on Jun 15th, 2023

Victorian Plumbing Group plc (LON:VIC – Get Rating)’s stock price shot up 1% during mid-day trading on Wednesday . The stock traded as high as GBX 78 ($0.98) and last traded at GBX 78 ($0.98). 6,170 shares changed hands during trading, a decline of 98% from the average session volume of 343,508 shares. The stock had previously closed at GBX 77.20 ($0.97).

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating and set a GBX 100 ($1.25) price target on shares of Victorian Plumbing Group in a research note on Wednesday, May 24th.

Victorian Plumbing Group Price Performance

The company has a debt-to-equity ratio of 10.90, a quick ratio of 1.05 and a current ratio of 1.78. The company has a market cap of £253.68 million and a PE ratio of 1,950.00. The company’s 50-day simple moving average is GBX 77.12 and its 200 day simple moving average is GBX 79.87.

Victorian Plumbing Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 8th will be given a dividend of GBX 0.45 ($0.01) per share. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 0.55%. Victorian Plumbing Group’s dividend payout ratio (DPR) is currently 2,500.00%.

About Victorian Plumbing Group

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Victorian Plumbing Group plc operates as an online retailer of bathroom products and accessories. It offers a range of products to B2C and trade customers with approximately 125 brands, as well as designs and develops in-house products. The company's bathroom product lines include tiles, flooring, and lighting.