VP (LON:VP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Vp plc (LON:VPGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 475.02 and traded as low as GBX 464. VP shares last traded at GBX 490, with a volume of 4,612 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of VP in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 686.67.

View Our Latest Stock Analysis on VP

VP Stock Performance

The company has a current ratio of 0.65, a quick ratio of 1.08 and a debt-to-equity ratio of 178.34. The business has a 50 day simple moving average of GBX 478.89 and a two-hundred day simple moving average of GBX 475.15. The stock has a market cap of £194.94 million, a price-to-earnings ratio of -36.24 and a beta of 0.35.

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

VP Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for VP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VP and related companies with MarketBeat.com's FREE daily email newsletter.