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

VP (LON:VP) had its target price dropped by stock analysts at Berenberg Bank from GBX 905 to GBX 800 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 34.91% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating and set a GBX 760 target price on shares of VP in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 780.

VP Price Performance

Shares of LON VP opened at GBX 593 on Tuesday. VP has a fifty-two week low of GBX 460 and a fifty-two week high of GBX 745. The stock has a market cap of £234.00 million, a price-to-earnings ratio of -43.51 and a beta of 0.75. The company has a debt-to-equity ratio of 135.10, a quick ratio of 1.08 and a current ratio of 1.48. The firm’s 50-day simple moving average is GBX 588.84 and its 200 day simple moving average is GBX 574.41.

VP (LON:VP) last announced its quarterly earnings results on Wednesday, June 11th. The company reported GBX 67.30 earnings per share for the quarter. VP had a negative net margin of 1.46% and a negative return on equity of 3.50%. As a group, research analysts anticipate that VP 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.