VP (LON:VP) Stock Rating Reaffirmed as “Buy” by Peel Hunt

VP (LON:VP)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report released on Monday, Digital Look reports. They currently have a GBX 550 target price on the stock. Peel Hunt’s price target points to a potential upside of 4.96% from the stock’s previous close.

VP Trading Up 4.2%

LON:VP opened at GBX 546 on Monday. 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 company has a market capitalization of £215.46 million, a P/E ratio of -40.06 and a beta of 0.35. The stock’s 50 day moving average price is GBX 482.37 and its 200 day moving average price is GBX 477.40. VP has a 52 week low of GBX 460 and a 52 week high of GBX 745.

Insider Activity at VP

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

VP News Summary

Here are the key news stories impacting VP this week:

• Positive Sentiment: Peel Hunt reaffirmed its “Buy” rating on Vp and set a GBX 550 price target. The reaffirmation signals confidence in the equipment-rental company’s outlook and provides further support for the stock, which is trading below the broker’s target. VP’s Buy Rating Reaffirmed at Peel Hunt

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.