VP’s (VP) Buy Rating Reiterated at Peel Hunt

VP (LON:VP)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 550 price target on the stock. Peel Hunt’s price objective points to a potential upside of 0.73% from the company’s current price.

VP Stock Up 4.2%

Shares of VP traded up GBX 22 during mid-day trading on Monday, hitting GBX 546. 37,994 shares of the company’s stock were exchanged, compared to its average volume of 390. The company has a market cap of £215.46 million, a PE ratio of -40.06 and a beta of 0.35. VP has a 52 week low of GBX 460 and a 52 week high of GBX 745. The company has a 50-day simple moving average of GBX 482.37 and a 200 day simple moving average of GBX 477.40. The company has a debt-to-equity ratio of 178.34, a current ratio of 0.65 and a quick ratio of 1.08.

Insider Transactions at VP

In other VP news, insider Ross Paterson bought 5,438 shares of VP stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of GBX 494 per share, for a total transaction of £26,863.72. Also, insider Corinne Ripoche bought 5,576 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was acquired at an average cost of GBX 503 per share, with a total value of £28,047.28. Insiders have acquired a total of 55,368 shares of company stock valued at $27,760,014 over the last 90 days. 57.50% of the stock is owned by corporate insiders.

Key VP News

Here are the key news stories impacting VP this week:

• Positive Sentiment: Peel Hunt maintained its Buy recommendation for Vp plc, signaling continued confidence in the company’s outlook. VP’s Buy Rating Reaffirmed at Peel Hunt

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. 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.