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

Shares of Vp plc (LON:VP) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VP. Shore Capital Group reiterated an “under review” rating on shares of VP in a research note on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price target on shares of VP in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 686.67.

VP Price Performance

The company has a quick ratio of 1.08, a current ratio of 0.65 and a debt-to-equity ratio of 178.34. The company has a market capitalization of £185.07 million, a P/E ratio of -34.41 and a beta of 0.35. The business has a 50 day simple moving average of GBX 482.95 and a 200-day simple moving average of GBX 488.61.

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. The company had revenue of £358.27 million during the quarter. VP had a negative net margin of 1.52% and a negative return on equity of 3.89%. Analysts predict that Vp plc will post 72.7728984 EPS 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.