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

Key Points

• VP plc's stock price has risen above its 50-day moving average, trading at GBX 596 ($8.02) on Monday with a high of GBX 604 ($8.13).
• Shore Capital has reissued a "buy" rating for VP shares with a price target of GBX 760, reflecting positive analyst sentiments as the stock maintains a consensus rating of "Buy".
• The company reported a negative net margin of 1.46% in its last quarterly earnings, with analysts forecasting an EPS of approximately 72.77 for the current fiscal year.

Vp plc (LON:VP - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 593.80 ($8.02) and traded as high as GBX 604 ($8.16). VP shares last traded at GBX 596 ($8.05), with a volume of 20,663 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 760 target price on shares of VP in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of GBX 832.50.

VP Stock Up 0.2%

The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 135.10. The stock has a 50 day simple moving average of GBX 590.72 and a 200 day simple moving average of GBX 574. The stock has a market cap of £235.58 million, a price-to-earnings ratio of -43.80 and a beta of 0.75.

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

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.