VP (LON:VP) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Vp plc (LON:VP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 493.45 and traded as low as GBX 480. VP shares last traded at GBX 484, with a volume of 4,702 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VP. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 target price on shares of VP in a report on Wednesday, June 10th. Shore Capital Group reissued an “under review” rating on shares of VP in a report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 686.67.

VP Trading Up 2.3%

The firm’s fifty day moving average price is GBX 481.61 and its 200-day moving average price is GBX 493.45. The company has a market cap of £195.33 million, a price-to-earnings ratio of -36.32 and a beta of 0.34. The company has a debt-to-equity ratio of 178.34, a current ratio of 0.65 and a quick ratio of 1.08.

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. The business had revenue of £358.27 million for the quarter. VP had a negative net margin of 1.52% and a negative return on equity of 3.89%. On average, equities analysts expect that Vp plc will post 72.7728984 EPS for the current fiscal 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.