VP (LON:VP) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• The stock price of Vp plc crossed above its fifty-day moving average, reaching a high of GBX 598 ($7.99) before closing at GBX 576 ($7.69).
• Research firms have issued a "buy" rating for VP, with target prices ranging from GBX 760 to GBX 800, indicating positive growth expectations.
• Vp plc has a market capitalization of £228.87 million and a debt-to-equity ratio of 135.10, reflecting its financial structure in the rental equipment industry.

Vp plc (LON:VP - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 590.20 ($7.88) and traded as high as GBX 598 ($7.99). VP shares last traded at GBX 576 ($7.69), with a volume of 2,813 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VP. Shore Capital restated a "buy" rating and issued a GBX 760 price target on shares of VP in a research report on Friday. Berenberg Bank reduced their price target on shares of VP from GBX 905 to GBX 800 and set a "buy" rating on the stock in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 780.

VP Stock Performance

The company has a market capitalization of £228.87 million, a P/E ratio of -42.55 and a beta of 0.75. 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's 50 day simple moving average is GBX 590.20 and its two-hundred day simple moving average is GBX 580.13.

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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