VP (LON:VP) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Vp plc (LON:VP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 483.74 and traded as low as GBX 468.44. VP shares last traded at GBX 485, with a volume of 13,917 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Shore Capital Group reaffirmed an “under review” rating on shares of VP in a research report on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of VP in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, VP has an average rating of “Buy” and an average price target of GBX 686.67.

VP Stock Performance

The stock’s 50-day simple moving average is GBX 481.19 and its 200-day simple moving average is GBX 482.69. The stock has a market cap of £185.66 million, a price-to-earnings ratio of -34.52 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 1.08 and a debt-to-equity ratio of 178.34.

VP (LON:VP) last released its quarterly earnings results on Wednesday, June 10th. The company reported GBX 54.50 earnings per share for the quarter. The company had revenue of £358.27 million during the quarter. VP had a negative net margin of 1.52% and a negative return on equity of 3.89%. Analysts forecast that Vp plc will post 72.7728984 earnings per share 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. 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.