VP (LON:VP) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• VP shares fell below their 200-day moving average of GBX 480.82, reaching GBX 461 before last trading at GBX 480 on volume of 12,047 shares.
• Analyst sentiment remains positive overall: VP has a consensus “Buy” rating and a GBX 686.67 price target, although Shore Capital has the stock “under review.”
• The company reported quarterly EPS of GBX 54.50 and revenue of £358.27 million, but posted a negative net margin of 1.52% and negative return on equity of 3.89%.

Vp plc (LON:VP - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 480.82 and traded as low as GBX 461. VP shares last traded at GBX 480, with a volume of 12,047 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on VP shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 600 target price on shares of VP in a research note on Wednesday, June 10th. Shore Capital Group reiterated an "under review" rating on shares of VP in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 686.67.

VP Stock Down 3.3%

The company has a market capitalization of £183.10 million, a PE ratio of -34.04 and a beta of 0.35. The business's 50-day simple moving average is GBX 481.28 and its 200-day simple moving average is GBX 480.82. The company has a current ratio of 0.65, a quick ratio of 1.08 and a debt-to-equity ratio of 178.34.

VP (LON:VP - Get Free Report) last announced its quarterly earnings results on Wednesday, June 10th. The company reported GBX 54.50 earnings per share for the quarter. The company had revenue of £358.27 million for the quarter. VP had a negative return on equity of 3.89% and a negative net margin of 1.52%. As a group, equities research analysts anticipate that Vp plc will post 72.7728984 EPS 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. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.

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