VP (LON:VP) Stock Passes Above 50 Day Moving Average – Here’s Why

Vp plc (LON:VP)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 482.95 and traded as high as GBX 493.78. VP shares last traded at GBX 469, with a volume of 431 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VP shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of VP in a research report on Wednesday, June 10th. Shore Capital Group reiterated an “under review” rating on shares of VP in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 686.67.

VP Trading Down 4.0%

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 firm has a market capitalization of £180.34 million, a price-to-earnings ratio of -33.53 and a beta of 0.35. The business has a fifty day moving average price of GBX 482.49 and a 200 day moving average price of GBX 488.52.

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