VP (LON:VP) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• VP plc shares have fallen below their 200-day moving average, which may signal a potential decline in stock performance, with current trading at GBX 564 ($7.48).
• Analysts have mixed outlooks on the stock, with Berenberg Bank reducing their target price to GBX 905 ($12.00) while Shore Capital maintains a "buy" rating with a target of GBX 760 ($10.08).
• The company's recent earnings report showed a negative return on equity of 3.50% and a negative net margin of 1.46%, raising concerns about profitability.

Vp plc (LON:VP - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 574.27 ($7.62) and traded as low as GBX 554 ($7.35). VP shares last traded at GBX 564 ($7.49), with a volume of 11,734 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VP. Berenberg Bank lowered their price target on VP from GBX 950 ($12.61) to GBX 905 ($12.01) and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Shore Capital restated a "buy" rating and issued a GBX 760 ($10.09) target price on shares of VP in a research report on Wednesday, July 23rd.

VP Price Performance

The business has a 50 day moving average of GBX 596.02 and a 200-day moving average of GBX 574.64. The stock has a market cap of £236.77 million, a PE ratio of -44.02 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 (LON:VP - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported GBX 67.30 ($0.89) earnings per share for the quarter. VP had a negative return on equity of 3.50% and a negative net margin of 1.46%. Equities research analysts predict that Vp plc will post 72.7728984 EPS for the current fiscal year.

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.