VP (LON:VP) Share Price Passes Below 200 Day Moving Average – What’s Next?

Vp plc (LON:VP) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 566.35 and traded as low as GBX 522. VP shares last traded at GBX 560, with a volume of 11,052 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Shore Capital reaffirmed a “buy” rating and set a GBX 760 price target on shares of VP in a research report on Friday, October 10th. Peel Hunt reissued a “buy” rating and issued a GBX 700 target price on shares of VP in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 753.33.

VP Price Performance

The business has a fifty day moving average of GBX 538.98 and a 200 day moving average of GBX 566.35. The company has a debt-to-equity ratio of 135.10, a current ratio of 1.48 and a quick ratio of 1.08. The stock has a market cap of £217.04 million, a PE ratio of -40.35 and a beta of 0.75.

VP (LON:VP) last announced its earnings results on Thursday, November 27th. The company reported GBX 33 earnings per share (EPS) for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. Sell-side analysts anticipate that Vp plc will post 72.7728984 earnings per share for the current year.

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.