VP (LON:VP) Given “Buy” Rating at Berenberg Bank

VP (LON:VP)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 600 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 30.15% from the stock’s previous close.

Separately, Shore Capital Group reissued an “under review” rating on shares of VP in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, VP currently has a consensus rating of “Buy” and an average target price of GBX 686.67.

VP Stock Up 1.8%

Shares of VP opened at GBX 461 on Wednesday. VP has a 12 month low of GBX 460 and a 12 month high of GBX 745. The firm’s 50 day moving average is GBX 468.72 and its 200-day moving average is GBX 498.05. The stock has a market capitalization of £181.92 million, a PE ratio of -33.82 and a beta of 0.36. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 166.22.

VP (LON:VP) last announced its earnings results on Wednesday, June 10th. The company reported GBX 54.50 EPS for the quarter. The company had revenue of £358.27 million for the quarter. VP had a net margin of 2.12% and a return on equity of 5.34%. Equities research analysts forecast that VP will post 72.7728984 EPS for the current year.

Insider Transactions at VP

In other news, insider Keith Winstanley acquired 3,231 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of GBX 464 per share, with a total value of £14,991.84. 57.50% of the stock is owned by company 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. 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.