VP (LON:VP) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Vp plc (LON:VP) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 624.10 ($7.87) and traded as high as GBX 632.50 ($7.97). VP shares last traded at GBX 625 ($7.88), with a volume of 9,264 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 950 ($11.97) target price on shares of VP in a report on Friday, October 4th.

VP Stock Down 2.4 %

The company has a market cap of £240.71 million, a P/E ratio of -4,807.69 and a beta of 0.75. The company has a debt-to-equity ratio of 126.29, a current ratio of 1.05 and a quick ratio of 1.08. The stock has a fifty day moving average price of GBX 624.10 and a two-hundred day moving average price of GBX 655.37.

VP Company Profile

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.