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

VP logo with Industrials background

Vp plc (LON:VP - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 653.14 ($8.50) and traded as low as GBX 610 ($7.94). VP shares last traded at GBX 610 ($7.94), with a volume of 8,337 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 950 ($12.37) price objective on shares of VP in a report on Friday, October 4th.

Read Our Latest Stock Report on VP

VP Stock Up 2.5 %

The firm's 50-day moving average price is GBX 631.90 and its two-hundred day moving average price is GBX 653.46. The company has a debt-to-equity ratio of 126.29, a quick ratio of 1.08 and a current ratio of 1.05. The firm has a market cap of £246.63 million, a PE ratio of -4,807.69 and a beta of 0.75.

Insider Transactions at VP

In other VP news, insider Keith Winstanley acquired 2,981 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of GBX 671 ($8.73) per share, for a total transaction of £20,002.51 ($26,038.15). Insiders own 57.50% of the company's stock.

VP Company Profile

(Get Free Report)

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.

Further Reading

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