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VP (LON:VP) Share Price Passes Above 200 Day Moving Average - Here's Why

VP logo with Industrials background

Vp plc (LON:VP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 567.54 ($7.58) and traded as high as GBX 608 ($8.12). VP shares last traded at GBX 598 ($7.99), with a volume of 4,366 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of VP from GBX 950 ($12.69) to GBX 905 ($12.09) and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Check Out Our Latest Research Report on VP

VP Stock Up 1.0%

The stock's fifty day moving average is GBX 546.51 and its two-hundred day moving average is GBX 567.10. The company has a market capitalization of £235.19 million, a PE ratio of -43.73 and a beta of 0.75. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 135.10.

VP Company Profile

(Get Free Report)

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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