VP (LON:VP) Receives "Buy" Rating from Shore Capital

Key Points

• Shore Capital has reiterated a "buy" rating for VP (LON:VP), setting a target price of GBX 760, which suggests a potential upside of 31.94% from the current stock price.
• Berenberg Bank has also given VP a "buy" rating but lowered its target price from GBX 905 to GBX 800, indicating strong analyst support for the stock.
• VP's stock price reached GBX 576 on Friday, with a 52-week range between GBX 460 and GBX 745 and a market cap of £227.30 million.

VP (LON:VP - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Shore Capital in a report issued on Friday,Digital Look reports. They presently have a GBX 760 target price on the stock. Shore Capital's target price indicates a potential upside of 31.94% from the stock's current price.

Separately, Berenberg Bank lowered their price objective on shares of VP from GBX 905 to GBX 800 and set a "buy" rating for the company in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, VP presently has an average rating of "Buy" and a consensus target price of GBX 780.

VP Price Performance

Shares of LON:VP traded up GBX 2 on Friday, reaching GBX 576. The company's stock had a trading volume of 2,813 shares, compared to its average volume of 390. VP has a 52-week low of GBX 460 and a 52-week high of GBX 745. The company has a market cap of £227.30 million, a P/E ratio of -42.26 and a beta of 0.75. The company has a 50-day simple moving average of GBX 590.68 and a 200 day simple moving average of GBX 579.84. The company has a debt-to-equity ratio of 135.10, a quick ratio of 1.08 and a current ratio of 1.48.

About VP

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.