VP (LON:VP) Shares Climb 3.2% – What’s Next?

Vp plc (LON:VP)’s share price was up 3.2% during mid-day trading on Tuesday. The stock traded as high as GBX 519.10 and last traded at GBX 516. 35,293 shares were traded during trading, an increase of 8,949% from the average daily volume of 390 shares. The stock had previously closed at GBX 500.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 550 target price on shares of VP in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, VP currently has a consensus rating of “Buy” and an average target price of GBX 575.

VP Trading Down 0.4%

The company has a debt-to-equity ratio of 178.34, a quick ratio of 1.08 and a current ratio of 0.65. The firm has a fifty day moving average price of GBX 500.44 and a 200 day moving average price of GBX 485.30. The company has a market cap of £212.30 million, a price-to-earnings ratio of -39.47 and a beta of 0.35.

Insider Buying and Selling

In related news, insider Corinne Ripoche purchased 5,576 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was acquired at an average cost of GBX 503 per share, for a total transaction of £28,047.28. Also, insider Ross Paterson bought 5,438 shares of VP stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of GBX 494 per share, for a total transaction of £26,863.72. In the last ninety days, insiders bought 55,368 shares of company stock valued at $27,760,014. Insiders own 57.50% of the company’s stock.

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.