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 research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 550 price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 0.73% from the company’s previous close.

VP Price Performance

Shares of LON VP opened at GBX 546 on Monday. VP has a fifty-two week low of GBX 460 and a fifty-two week high of GBX 745. The company has a market cap of £215.46 million, a PE ratio of -40.06 and a beta of 0.35. The company has a debt-to-equity ratio of 178.34, a quick ratio of 1.08 and a current ratio of 0.65. The business has a 50-day simple moving average of GBX 482.37 and a two-hundred day simple moving average of GBX 477.40.

Insider Buying and Selling

In related news, insider Corinne Ripoche purchased 5,576 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were acquired at an average price of GBX 503 per share, for a total transaction of £28,047.28. Also, insider Ross Paterson purchased 5,438 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was bought at an average cost of GBX 494 per share, with a total value of £26,863.72. Insiders purchased 55,368 shares of company stock worth $27,760,014 in the last three months. Corporate insiders own 57.50% of the company’s stock.

Trending Headlines about VP

Here are the key news stories impacting VP this week:

• Positive Sentiment: Peel Hunt maintained its Buy recommendation for Vp plc, providing ongoing analyst support for the stock. VP’s Buy Rating Reaffirmed at Peel Hunt
• Neutral Sentiment: Peel Hunt’s GBX 550 target is only modestly above the reported opening level, implying that the latest rating update may offer limited immediate upside unless the company delivers stronger operating results or receives further positive coverage.

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.