VP (LON:VP) Price Target Cut to GBX 950

VP (LON:VP - Get Free Report) had its price objective dropped by Berenberg Bank from GBX 1,040 ($12.95) to GBX 950 ($11.83) in a note issued to investors on Tuesday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 68.14% from the stock's previous close.

VP Price Performance

LON:VP traded up GBX 25 ($0.31) during mid-day trading on Tuesday, reaching GBX 565 ($7.03). The stock had a trading volume of 39,867 shares, compared to its average volume of 390. The firm has a 50 day moving average price of GBX 541.46 and a two-hundred day moving average price of GBX 561.77. The stock has a market capitalization of £226.85 million, a P/E ratio of 941.67 and a beta of 0.82. VP has a one year low of GBX 460 ($5.73) and a one year high of GBX 686.49 ($8.55). The company has a debt-to-equity ratio of 115.40, a quick ratio of 1.08 and a current ratio of 0.76.

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.