Victorian Plumbing Group (VIC)

Sector:

Retailers

Index:

FTSE AIM 50

79.30p
   
  • Change Today:
      0.70p
  • 52 Week High: 98.40
  • 52 Week Low: 66.50
  • Currency: UK Pounds
  • Shares Issued: 326.33m
  • Volume: 2,227,453
  • Market Cap: £258.78m

Berenberg initiates coverage on 'home and living' retailers

By Iain Gilbert

Date: Monday 11 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on a number of UK-based retailers on Monday following two "boom years" for the "home and living" sector as a result of the Covid-19 pandemic.
Berenberg highlighted that home and living activity levels had recovered sharply since the first lockdown in March 2020, driven by increased time spent at home, a change in how homeowners think about their homes, and limited options for spending discretionary income elsewhere, as access to travel and leisure had been limited.

The German bank first turned to Dunelm, which it branded "the omnichannel winner", initiating coverage on the stock with a 'buy' rating and a 1,310.0p target price and noting it expects the firm to continue its market share consolidation, outperforming the market - with its "well-invested omnichannel proposition" providing a competitive advantage over its digital peers.

"Dunelm offers one of the strongest ROIC profiles in European retail and its cash-generative business should support additional capital returns. We believe that the recent downturn in the share price has provided an attractive entry point into a structural winner," said the analysts.

Berenberg also picked up coverage on "digital disruptor" Victorian Plumbing Group with a 'buy' rating and a 260.0p price target and "DIFM specialist" Wickes Group with a 'buy' rating and 280.0p target price.

Online home furnishing brand Made.com and DIY retailer Kingfisher were started at 'hold', with price targets of 165.0p and 370.0p, respectively.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

VIC Market Data

Currency UK Pounds
Share Price 79.30p
Change Today 0.70p
% Change 0.89 %
52 Week High 98.40
52 Week Low 66.50
Volume 2,227,453
Shares Issued 326.33m
Market Cap £258.78m

VIC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.13% below the market average84.13% below the market average84.13% below the market average84.13% below the market average84.13% below the market average
84.21% below the sector average84.21% below the sector average84.21% below the sector average84.21% below the sector average84.21% below the sector average
Price Trend
16.11% above the market average16.11% above the market average16.11% above the market average16.11% above the market average16.11% above the market average
7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average
Income
2.4% below the market average2.4% below the market average2.4% below the market average2.4% below the market average2.4% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
59.32% below the market average59.32% below the market average59.32% below the market average59.32% below the market average59.32% below the market average
5% below the sector average5% below the sector average5% below the sector average5% below the sector average5% below the sector average

VIC Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Feb-24 08-Jun-23
Paid 08-Mar-24 07-Jul-23
Amount 0.95p 0.45p

Trades for 28-Mar-2024

Time Volume / Share Price
11:24 176,795 @ 78.70p
11:13 600,000 @ 78.70p
11:23 776,795 @ 78.40p
16:35 6,752 @ 79.30p
16:35 69 @ 79.30p

VIC Key Personnel

Chair Philip Bowcock
CEO Mark Radcliffe
CFO Daniel Barton

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