VP (LON:VP) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Vp plc's share price recently surpassed its 50-day moving average, indicating increased trading activity, with shares currently trading at GBX 574 ($7.72).
• Brokerages have given VP a favorable outlook, with Shore Capital maintaining a "buy" rating and setting a target price at GBX 760, while Berenberg Bank adjusted their target from GBX 905 to GBX 800.
• The company holds a market capitalization of £226.51 million, with a current ratio of 1.48 and a debt-to-equity ratio of 135.10, suggesting solid liquidity but high leverage.

Vp plc (LON:VP - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 590.48 ($7.94) and traded as high as GBX 603.01 ($8.11). VP shares last traded at GBX 574 ($7.72), with a volume of 4,055 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VP. Shore Capital restated a "buy" rating and issued a GBX 760 target price on shares of VP in a research note on Thursday, September 25th. Berenberg Bank cut their target price on VP from GBX 905 to GBX 800 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 780.

VP Price Performance

The business's fifty day simple moving average is GBX 590.48 and its 200-day simple moving average is GBX 579.02. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 135.10. The firm has a market cap of £226.51 million, a P/E ratio of -42.11 and a beta of 0.75.

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.

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