Berenberg Bank Issues Pessimistic Forecast for VP (LON:VP) Stock Price

Key Points

• VP's price target has been reduced from GBX 905 to GBX 800 by analysts at Berenberg Bank, while still maintaining a "buy" rating.
• Shore Capital reiterated a "buy" rating with a price target of GBX 760, contributing to a consensus price target of GBX 780 among analysts.
• As of Tuesday, VP's stock opened at GBX 590 and has seen a fifty-two week price range between GBX 460 and GBX 745.

VP (LON:VP - Free Report) had its price objective cut by Berenberg Bank from GBX 905 to GBX 800 in a report released on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Shore Capital restated a "buy" rating and set a GBX 760 price target on shares of VP in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 780.

VP Stock Performance

Shares of LON VP traded down GBX 16 during trading hours on Tuesday, hitting GBX 604. 4,844 shares of the company's stock were exchanged, compared to its average volume of 390. VP has a 1-year low of GBX 460 and a 1-year high of GBX 745. The company has a debt-to-equity ratio of 135.10, a current ratio of 1.48 and a quick ratio of 1.08. The stock has a market capitalization of £238.35 million, a price-to-earnings ratio of -44.31 and a beta of 0.75. The company's 50-day moving average price is GBX 588.54 and its 200-day moving average price is GBX 574.71.

VP (LON:VP - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported GBX 67.30 earnings per share for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. On average, sell-side analysts expect that VP will post 72.7728984 earnings per share for the current fiscal year.

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.