Peel Hunt downgraded shares of Van Elle (LON:VANL) to a hold rating in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has GBX 40 ($0.52) price target on the stock, down from their previous price target of GBX 60 ($0.78).

Shares of VANL stock opened at GBX 35 ($0.46) on Friday. Van Elle has a 52-week low of GBX 28 ($0.37) and a 52-week high of GBX 95 ($1.24). The firm has a market cap of $28.00 million and a PE ratio of 5.65. The company has a current ratio of 1.56, a quick ratio of 1.44 and a debt-to-equity ratio of 36.19. The firm has a fifty day simple moving average of GBX 51.15.

Van Elle Company Profile

Van Elle Holdings plc, together with its subsidiaries, provides ground engineering services in the United Kingdom. The company offers a range of services, such as auger displacement piling, cased continuous flight auger piling, continuous flight auger piling, design, drilled piling, drilling and grouting, driven piling, foundation testing, ground investigation, rail sheet piling, specialist piling, rock bolt and netting, rotary bored piling, screw piling, and precast modular foundation services, as well as precast modular signal, gantry, and OLE foundation services; specialist on-track rail, restricted access, and highway GI Services; and services in the areas of geothermal boreholes, and ground anchors and soil nails.

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