Berenberg Bank Has Lowered Expectations for VP (LON:VP) Stock Price

VP (LON:VP) had its target price reduced by equities research analysts at Berenberg Bank from GBX 950 ($12.57) to GBX 905 ($11.98) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 77.45% from the company’s previous close.

VP Stock Down 4.9 %

VP stock opened at GBX 510 ($6.75) on Tuesday. The stock has a market capitalization of £201.25 million, a P/E ratio of -37.42 and a beta of 0.75. The company has a debt-to-equity ratio of 135.10, a current ratio of 1.48 and a quick ratio of 1.08. VP has a 1-year low of GBX 460 ($6.09) and a 1-year high of GBX 745 ($9.86). The business has a fifty day moving average price of GBX 545.70 and a 200-day moving average price of GBX 572.67.

Insider Activity

In other news, insider Jeremy F. G. Pilkington acquired 2,500 shares of VP stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of GBX 600 ($7.94) per share, for a total transaction of £15,000 ($19,854.40). Insiders own 57.50% of the company’s stock.

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.