VP (LON:VP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Vp plc (LON:VP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 486.40 and traded as low as GBX 461. VP shares last traded at GBX 464, with a volume of 10,841 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on VP. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of VP in a research report on Wednesday, June 10th. Shore Capital Group restated an “under review” rating on shares of VP in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, VP currently has an average rating of “Buy” and a consensus price target of GBX 686.67.

VP Stock Up 4.5%

The company has a market capitalization of £191.39 million, a P/E ratio of -35.58 and a beta of 0.35. The company has a debt-to-equity ratio of 178.34, a current ratio of 0.65 and a quick ratio of 1.08. The company has a 50 day moving average of GBX 480.30 and a 200-day moving average of GBX 486.40.

VP (LON:VP) last released its quarterly earnings data on Wednesday, June 10th. The company reported GBX 54.50 earnings per share for the quarter. VP had a negative return on equity of 3.89% and a negative net margin of 1.52%.The business had revenue of £358.27 million during the quarter. As a group, equities analysts anticipate that Vp plc will post 72.7728984 EPS for the current year.

VP Company Profile

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. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.