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

Key Points

• 200-day moving average: VP's stock crossed below its 200-day moving average (GBX 518.49), trading as low as GBX 483.12 and last at GBX 485, down about 2.7%.
• Analysts hold a consensus Buy rating with an average target of GBX 753.33, though Shore Capital has reissued an 'under review' stance.
• Insiders recently bought shares (Keith Winstanley 3,231 at GBX 464; Richard Smith 10,000 at GBX 486) and own 57.5% of the company, while VP reports a negative P/E (-34.63) and a high debt-to-equity ratio (166.22).

Vp plc (LON:VP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 518.49 and traded as low as GBX 483.12. VP shares last traded at GBX 485, with a volume of 3,478 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued an "under review" rating on shares of VP in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 753.33.

VP Trading Down 2.7%

The stock has a market capitalization of £186.26 million, a price-to-earnings ratio of -34.63 and a beta of 0.32. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 166.22. The company has a fifty day moving average of GBX 461.13 and a two-hundred day moving average of GBX 518.49.

Insider Buying and Selling

In other news, insider Keith Winstanley acquired 3,231 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average cost of GBX 464 per share, with a total value of £14,991.84. Also, insider Richard Smith bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of GBX 486 per share, for a total transaction of £48,600. Company insiders own 57.50% of the company's stock.

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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