VP (LON:VP) Shares Cross Below 200-Day Moving Average – Should You Sell?

Vp plc (LON:VP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 508.25 and traded as low as GBX 468.90. VP shares last traded at GBX 475, with a volume of 14,568 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated an “under review” rating on shares of VP in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 753.33.

VP Stock Up 1.9%

The stock has a 50 day simple moving average of GBX 463.04 and a 200-day simple moving average of GBX 507.40. The firm has a market cap of £189.81 million, a PE ratio of -35.29 and a beta of 0.36. The company has a debt-to-equity ratio of 166.22, a current ratio of 1.14 and a quick ratio of 1.08.

Insiders Place Their Bets

In related news, insider Keith Winstanley acquired 3,231 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of GBX 464 per share, for a total transaction of £14,991.84. Also, insider Richard Smith acquired 10,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of GBX 486 per share, with a total value of £48,600. 57.50% of the stock is currently owned by insiders.

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.