VP (LON:VP) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Vp plc (LON:VP)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 547.66 and traded as high as GBX 560. VP shares last traded at GBX 550, with a volume of 10,315 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on VP. Peel Hunt restated a “buy” rating and set a GBX 700 price target on shares of VP in a report on Friday, December 19th. Shore Capital reiterated a “buy” rating and issued a GBX 760 price objective on shares of VP in a research report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 753.33.

VP Stock Performance

The company has a 50-day simple moving average of GBX 547.66 and a two-hundred day simple moving average of GBX 573.36. 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 has a market capitalization of £217.04 million, a P/E ratio of -40.35 and a beta of 0.75.

VP (LON:VP) last announced its earnings results on Thursday, November 27th. The company reported GBX 33 earnings per share (EPS) for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. As a group, equities analysts forecast that Vp plc will post 72.7728984 EPS for the current 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.