Value and Indexed Property Income (LON:VIP) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has restated a "buy" rating for Value and Indexed Property Income (LON:VIP) with a target price of GBX 225, suggesting a potential upside of 12.78% from the current price.
• The stock traded down GBX 6.50 to GBX 199.50, with a market capitalization of £83.82 million and a price-to-earnings ratio of 1,395.10.
• Value and Indexed Property Income operates as a closed-ended equity mutual fund primarily investing in the UK public equity markets and convertible securities.

Value and Indexed Property Income (LON:VIP - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 225 target price on the stock. Berenberg Bank's target price indicates a potential upside of 12.78% from the stock's current price.

Value and Indexed Property Income Price Performance

VIP stock traded down GBX 6.50 during trading on Thursday, hitting GBX 199.50. 1,570,722 shares of the company's stock traded hands, compared to its average volume of 56,499. Value and Indexed Property Income has a 52 week low of GBX 168.50 and a 52 week high of GBX 219. The company has a debt-to-equity ratio of 67.96, a quick ratio of 22.47 and a current ratio of 2.84. The business has a fifty day simple moving average of GBX 206.95 and a 200 day simple moving average of GBX 200.11. The stock has a market capitalization of £83.82 million, a price-to-earnings ratio of 1,395.10 and a beta of 0.98.

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.

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