VP (LON:VP) Share Price Passes Below 200-Day Moving Average – Here’s Why

Vp plc (LON:VP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 582.65 and traded as low as GBX 530. VP shares last traded at GBX 530, with a volume of 5,267 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Berenberg Bank cut their target price on VP from GBX 905 to GBX 800 and set a “buy” rating on the stock in a research note on Tuesday, September 2nd. Shore Capital reiterated a “buy” rating and issued a GBX 760 price target on shares of VP in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 780.

VP Stock Down 1.7%

The company has a market capitalization of £209.14 million, a P/E ratio of -38.88 and a beta of 0.75. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 135.10. The firm has a fifty day simple moving average of GBX 561.16 and a 200-day simple moving average of GBX 582.55.

VP (LON:VP) last released its quarterly earnings data on Thursday, November 27th. The company reported GBX 33 earnings per share for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. On average, equities research analysts expect that Vp plc will post 72.7728984 EPS for the current fiscal year.

About VP

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.