VP (LON:VP) Share Price Crosses Below Two Hundred Day Moving Average of $563.37

Shares of Vp plc (LON:VP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 563.37 ($6.96) and traded as low as GBX 542.23 ($6.70). VP shares last traded at GBX 580 ($7.16), with a volume of 238,327 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of VP from GBX 1,040 ($12.85) to GBX 950 ($11.73) and set a “buy” rating for the company in a report on Tuesday, April 16th.

VP Trading Up 8.6 %

The company has a quick ratio of 1.08, a current ratio of 0.76 and a debt-to-equity ratio of 115.40. The firm has a market capitalization of £252.95 million, a price-to-earnings ratio of 966.67 and a beta of 0.82. The business has a 50-day moving average of GBX 540.81 and a two-hundred day moving average of GBX 563.37.

About VP

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.