Peel Hunt Reaffirms “Buy” Rating for VP (LON:VP)

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

VP Stock Up 4.2%

Shares of VP stock traded up GBX 22 during trading hours on Monday, hitting GBX 546. 37,994 shares of the company were exchanged, compared to its average volume of 390. The company has a debt-to-equity ratio of 178.34, a quick ratio of 1.08 and a current ratio of 0.65. VP has a one year low of GBX 460 and a one year high of GBX 745. The business’s 50-day simple moving average is GBX 482.37 and its two-hundred day simple moving average is GBX 477.40. The stock has a market capitalization of £215.46 million, a price-to-earnings ratio of -40.06 and a beta of 0.35.

Insider Buying and Selling at VP

In other news, insider Alice Woodwark bought 39,782 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was bought at an average price of GBX 503 per share, for a total transaction of £200,103.46. Also, insider Ross Paterson purchased 5,438 shares of the stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average price of GBX 494 per share, with a total value of £26,863.72. Insiders have bought 55,368 shares of company stock worth $27,760,014 over the last quarter. 57.50% of the stock is owned by corporate insiders.

Key Headlines Impacting VP

Here are the key news stories impacting VP this week:

• Neutral Sentiment: Reports about Philippine Vice President Sara Duterte dispute allegations concerning undeclared property and claims by the country’s National Bureau of Investigation. These are unrelated to Vp plc. VP debunks NBI claim; Matibag open to Duterte’s lie detector test
• Neutral Sentiment: Several articles cover U.S. Vice President JD Vance’s campaign and political visits in Georgia, Michigan and Texas. They have no apparent connection to Vp plc’s business or valuation. Vice President JD Vance visiting metro Atlanta today
• Neutral Sentiment: Other reports announce executive appointments at Lexicon, ARA, Alloy Entertainment, Rollins and FuelCell Energy, while a Netflix film executive reportedly departed amid layoffs. None refers to Vp plc. Lexicon hires VP of estimating for fabrication division FuelCell Energy names John Dansby as senior vice president
• Neutral Sentiment: A local education-board levy report and an article about Paraguay’s vice president are also unrelated to the U.K. equipment-rental company.

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.