Value and Indexed Property Income (LON:VIP) Share Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Value and Indexed Property Income's share price crossed above its 50-day moving average on Tuesday, trading at GBX 209 ($2.82) after reaching a high of GBX 210 ($2.83).
• Berenberg Bank reiterated a “buy” rating with a target price of GBX 225, contributing to an overall average rating of "Buy" for the company.
• The company's financial metrics indicate a market cap of £87.40 million, a PE ratio of 20.81, and a net margin of 73.71%.

Shares of Value and Indexed Property Income (LON:VIP - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 206.24 ($2.79) and traded as high as GBX 210 ($2.84). Value and Indexed Property Income shares last traded at GBX 209 ($2.83), with a volume of 39,049 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 225 price target on shares of Value and Indexed Property Income in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 225.

Value and Indexed Property Income Stock Performance

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 50 day moving average price of GBX 206.25 and a two-hundred day moving average price of GBX 196.19. The company has a market cap of £87.40 million, a P/E ratio of 20.81 and a beta of 0.98.

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

Value and Indexed Property Income Company Profile

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.