Value and Indexed Property Income (LON:VIP) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Value and Indexed Property Income's share price fell below its 50-day moving average of GBX 207.85, trading at GBX 206 ($2.75) recently.
• Berenberg Bank has maintained a "buy" rating for the stock and set a price target of GBX 225, with the consensus rating currently at "Buy".
• The company's market capitalization stands at £86.38 million, with a very high P/E ratio of 1,437.76, indicating the stock may be overvalued."

Value and Indexed Property Income (LON:VIP - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 207.85 ($2.77) and traded as low as GBX 204 ($2.72). Value and Indexed Property Income shares last traded at GBX 206 ($2.75), with a volume of 3,699 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 225 price objective on shares of Value and Indexed Property Income in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 225.

Value and Indexed Property Income Stock Performance

The stock has a market cap of £86.38 million, a P/E ratio of 1,437.76 and a beta of 0.98. The company has a quick ratio of 22.47, a current ratio of 2.84 and a debt-to-equity ratio of 67.96. The business has a 50 day moving average price of GBX 207.85 and a two-hundred day moving average price of GBX 199.17.

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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