VP (LON:VP) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Vp plc (LON:VP)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 565.13 and traded as low as GBX 534.86. VP shares last traded at GBX 560, with a volume of 6,606 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VP shares. Peel Hunt reissued a “buy” rating and issued a GBX 700 target price on shares of VP in a report on Friday, December 19th. Shore Capital reissued a “buy” rating and issued a GBX 760 price objective on shares of VP in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 753.33.

VP Price Performance

The stock has a market capitalization of £220.98 million, a P/E ratio of -41.08 and a beta of 0.75. The company has a debt-to-equity ratio of 135.10, a quick ratio of 1.08 and a current ratio of 1.48. The stock has a 50-day simple moving average of GBX 536.10 and a 200 day simple moving average of GBX 565.13.

VP (LON:VP) last released its earnings results on Thursday, November 27th. The company reported GBX 33 earnings per share for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. On average, equities analysts forecast that Vp plc will post 72.7728984 earnings per share 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.