VP (LON:VP) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

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 587.65 and traded as low as GBX 563. VP shares last traded at GBX 570, with a volume of 1,904 shares traded.

Wall Street Analysts Forecast Growth

VP has been the subject of a number of analyst reports. Berenberg Bank reduced their price objective on shares of VP from GBX 905 to GBX 800 and set a “buy” rating for the company in a research note on Tuesday, September 2nd. Shore Capital reaffirmed a “buy” rating and issued a GBX 760 target price on shares of VP in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 780.

VP Stock Performance

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 firm’s 50-day moving average price is GBX 573.46 and its 200-day moving average price is GBX 587.13. The stock has a market cap of £217.04 million, a P/E ratio of -40.35 and a beta of 0.75.

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