VP (LON:VP) Earns “Buy” Rating from Berenberg Bank

VP (LON:VP)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a GBX 950 ($12.71) target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 63.79% from the stock’s previous close.

VP Price Performance

VP stock opened at GBX 580 ($7.76) on Friday. The company has a market capitalization of £228.87 million, a PE ratio of -4,461.54 and a beta of 0.75. The company’s 50-day moving average price is GBX 667.95 and its 200-day moving average price is GBX 641.11. The company has a debt-to-equity ratio of 126.29, a current ratio of 1.05 and a quick ratio of 1.08.

Insider Activity at VP

In other VP news, insider Keith Winstanley acquired 2,981 shares of VP stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of GBX 671 ($8.98) per share, with a total value of £20,002.51 ($26,755.63). 57.50% of the stock is owned by corporate insiders.

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.