Berenberg Bank Cuts VP (LON:VP) Price Target to GBX 905

VP (LON:VP) had its target price decreased by stock analysts at Berenberg Bank from GBX 950 ($12.53) to GBX 905 ($11.93) in a research note issued on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 68.84% from the stock’s previous close.

VP Trading Up 7.2 %

LON:VP traded up GBX 36 ($0.47) during trading hours on Tuesday, hitting GBX 536 ($7.07). 10,474 shares of the company were exchanged, compared to its average volume of 390. The stock has a market capitalization of £211.51 million, a price-to-earnings ratio of -39.32 and a beta of 0.75. VP has a one year low of GBX 460 ($6.07) and a one year high of GBX 745 ($9.82). The company has a fifty day simple moving average of GBX 547.68 and a 200 day simple moving average of GBX 573.37. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 135.10.

Insider Buying and Selling

In other news, insider Jeremy F. G. Pilkington bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of GBX 600 ($7.91) per share, for a total transaction of £15,000 ($19,778.48). 57.50% of the stock is owned by 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.