VP (LON:VP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Vp plc (LON:VP)’s stock price 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 trading hands.

Wall Street Analyst Weigh In

VP has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 600 target price on shares of VP in a research note 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, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 686.67.

VP Stock Up 2.3%

The firm has a market cap of £195.33 million, a PE ratio of -36.32 and a beta of 0.34. The company has a debt-to-equity ratio of 178.34, a quick ratio of 1.08 and a current ratio of 0.65. The company’s 50-day simple moving average is GBX 481.61 and its two-hundred day simple moving average is GBX 493.45.

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

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. 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.