VP (LON:VP) Issues Quarterly Earnings Results

VP (LON:VP) issued its quarterly earnings data on Wednesday. The company reported GBX 54.50 earnings per share for the quarter, Digital Look Earnings reports. VP had a net margin of 2.12% and a return on equity of 5.34%. The firm had revenue of £358.27 million for the quarter.

VP Price Performance

VP opened at GBX 468 on Thursday. VP has a one year low of GBX 460 and a one year high of GBX 745. The company has a debt-to-equity ratio of 166.22, a current ratio of 1.14 and a quick ratio of 1.08. The company’s 50 day simple moving average is GBX 469.48 and its 200-day simple moving average is GBX 497.42. The stock has a market capitalization of £184.68 million, a P/E ratio of -34.33 and a beta of 0.34.

Wall Street Analyst Weigh In

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

Insider Activity at VP

In related news, insider Keith Winstanley purchased 3,231 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of GBX 464 per share, with a total value of £14,991.84. 57.50% of the stock is owned by company insiders.

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.