VP (LON:VP) Earns Buy Rating from Peel Hunt

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

VP Price Performance

Shares of VP stock traded up GBX 22 on Monday, hitting GBX 546. The company’s stock had a trading volume of 37,994 shares, compared to its average volume of 390. VP has a 52-week low of GBX 460 and a 52-week high of GBX 745. The company has a quick ratio of 1.08, a current ratio of 0.65 and a debt-to-equity ratio of 178.34. The firm has a fifty day moving average price of GBX 482.37 and a 200-day moving average price of GBX 477.40. The company has a market capitalization of £215.46 million, a P/E ratio of -40.06 and a beta of 0.35.

Insider Activity at VP

In other news, insider Alice Woodwark purchased 39,782 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were bought at an average cost of GBX 503 per share, with a total value of £200,103.46. Also, insider Corinne Ripoche purchased 5,576 shares of the stock in a transaction dated Friday, October 2nd. The shares were purchased at an average price of GBX 503 per share, with a total value of £28,047.28. Insiders have purchased a total of 55,368 shares of company stock valued at $27,760,014 over the last quarter. Insiders own 57.50% of the company’s stock.

VP News Roundup

Here are the key news stories impacting VP this week:

• Neutral Sentiment: Coverage of Philippines Vice President Sara Duterte concerns a dispute over an alleged undeclared property and a lie-detector test; it has no connection to Vp plc. VP debunks NBI claim; Matibag open to Duterte’s lie detector test
• Neutral Sentiment: Other headlines refer to executive appointments at unrelated organizations, Netflix layoffs, and US Vice President JD Vance’s travel and campaign events. None involve Vp plc’s operations, earnings, contracts, or management. Netflix film VP Doug Belgrad is out amid layoffs

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.