VP (LON:VP) Releases Earnings Results

VP (LON:VP) issued its earnings results on Wednesday. The company reported GBX 54.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. VP had a negative return on equity of 3.89% and a negative net margin of 1.52%.The business had revenue of £358.27 million during the quarter.

VP Stock Up 4.7%

Shares of LON:VP opened at GBX 490 on Friday. The business has a 50-day moving average price of GBX 469.88 and a 200 day moving average price of GBX 496.71. The company has a current ratio of 0.65, a quick ratio of 1.08 and a debt-to-equity ratio of 178.34. The company has a market capitalization of £193.36 million, a price-to-earnings ratio of -35.95 and a beta of 0.34. VP has a 12-month low of GBX 460 and a 12-month high of GBX 745.

Insider Activity

In other VP news, insider Keith Winstanley acquired 3,231 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of GBX 464 per share, with a total value of £14,991.84. Insiders own 57.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VP. Shore Capital Group reaffirmed an “under review” rating on shares of VP in a research note on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of VP in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, VP has an average rating of “Buy” and a consensus price target of GBX 686.67.

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.