VP (LON:VP) Given “Buy” Rating at Berenberg Bank

VP (LON:VP)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 600 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.15% from the stock’s current price.

Separately, Shore Capital Group restated 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 686.67.

VP Trading Up 1.8%

Shares of VP stock opened at GBX 461 on Wednesday. The firm has a 50 day moving average price of GBX 468.72 and a two-hundred day moving average price of GBX 498.05. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 166.22. The company has a market capitalization of £181.92 million, a PE ratio of -33.82 and a beta of 0.36. VP has a 12-month low of GBX 460 and a 12-month high of GBX 745.

VP (LON:VP) last issued its quarterly earnings data on Wednesday, June 10th. The company reported GBX 54.50 earnings per share (EPS) for the quarter. The firm had revenue of £358.27 million during the quarter. VP had a net margin of 2.12% and a return on equity of 5.34%. As a group, analysts predict that VP will post 72.7728984 earnings per share for the current year.

Insider Activity at VP

In other VP news, insider Keith Winstanley bought 3,231 shares of the stock in a transaction dated Wednesday, March 18th. The shares were bought at an average cost of GBX 464 per share, with a total value of £14,991.84. Corporate 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.