VP (LON:VP) Stock Passes Below 200 Day Moving Average – Here’s Why

Vp plc (LON:VP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 548.43 and traded as low as GBX 431. VP shares last traded at GBX 435, with a volume of 38,658 shares changing hands.

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and set a GBX 700 target price on shares of VP in a research note on Friday, December 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 753.33.

VP Stock Performance

The company’s fifty day simple moving average is GBX 515.28 and its two-hundred day simple moving average is GBX 548.43. The company has a debt-to-equity ratio of 166.22, a quick ratio of 1.08 and a current ratio of 1.14. The company has a market capitalization of £177.58 million, a price-to-earnings ratio of -33.01 and a beta of 0.32.

Insider Transactions at VP

In other VP news, insider Richard Smith purchased 10,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of GBX 486 per share, with a total value of £48,600. 57.50% of the stock is owned by company insiders.

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.