Value and Indexed Property Income's (VIP) Buy Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has restated its "buy" rating for Value and Indexed Property Income (LON:VIP) with a target price of GBX 225 ($2.99), indicating a potential upside of 7.04% from its current stock price.
• On Monday, the stock opened at GBX 210.20 ($2.79) and has shown a 1.1% increase in value.
• Value and Indexed Property Income reported earnings per share of GBX 7.35 ($0.10) for the last quarter, with a remarkable net margin of 73.71%.

Value and Indexed Property Income (LON:VIP - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a GBX 225 ($3.03) price objective on the stock. Berenberg Bank's price objective points to a potential upside of 4.65% from the stock's current price.

Value and Indexed Property Income Price Performance

Shares of VIP traded up GBX 1.50 ($0.02) during trading hours on Monday, hitting GBX 215 ($2.89). 124,530 shares of the stock were exchanged, compared to its average volume of 35,674. The company has a debt-to-equity ratio of 67.96, a quick ratio of 22.47 and a current ratio of 2.84. Value and Indexed Property Income has a 12-month low of GBX 168.50 ($2.27) and a 12-month high of GBX 219 ($2.95). The company has a market cap of £92.11 million, a price-to-earnings ratio of 21.94 and a beta of 0.98. The stock's 50-day moving average price is GBX 205.27 and its two-hundred day moving average price is GBX 194.49.

Value and Indexed Property Income (LON:VIP - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported GBX 7.35 ($0.10) earnings per share (EPS) for the quarter. Value and Indexed Property Income had a return on equity of 4.55% and a net margin of 73.71%. Research analysts expect that Value and Indexed Property Income will post 1246.2897262 earnings per share for the current year.

About Value and Indexed Property Income

Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors.