VP’s (VP) Buy Rating Reiterated at Peel Hunt

VP (LON:VP)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued on Monday, Digital Look reports. They currently have a GBX 550 price target on the stock. Peel Hunt’s target price would indicate a potential upside of 0.73% from the company’s previous close.

VP Trading Up 4.2%

LON:VP opened at GBX 546 on Monday. The company has a market capitalization of £215.46 million, a PE ratio of -40.06 and a beta of 0.35. The company has a quick ratio of 1.08, a current ratio of 0.65 and a debt-to-equity ratio of 178.34. VP has a 52-week low of GBX 460 and a 52-week high of GBX 745. The stock has a fifty day simple moving average of GBX 482.37 and a 200-day simple moving average of GBX 477.40.

Insider Buying and Selling at VP

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

Key VP News

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.