VP (LON:VP) Shares Down 11.6% – Here’s Why

Vp plc (LON:VP) fell 11.6% during trading on Wednesday . The company traded as low as GBX 441 and last traded at GBX 490. 847,735 shares changed hands during mid-day trading, an increase of 217,268% from the average session volume of 390 shares. The stock had previously closed at GBX 554.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and set a GBX 700 price target on shares of VP in a research report on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 753.33.

VP Price Performance

The firm has a market capitalization of £193.36 million, a P/E ratio of -35.95 and a beta of 0.75. The business’s fifty day moving average is GBX 538.34 and its 200 day moving average is GBX 564.70. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 135.10.

VP (LON:VP) last announced its quarterly earnings data on Thursday, November 27th. The company reported GBX 33 EPS for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. As a group, analysts forecast that Vp plc will post 72.7728984 EPS 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.