VP (LON:VP) Stock Price Up 3.2% – Still a Buy?

Vp plc (LON:VP) shares were up 3.2% during mid-day trading on Tuesday. The company traded as high as GBX 519.10 and last traded at GBX 516. 35,293 shares changed hands during mid-day trading, an increase of 8,949% from the average session volume of 390 shares. The stock had previously closed at GBX 500.

VP News Roundup

Here are the key news stories impacting VP this week:

• Neutral Sentiment: Marketing and product leadership appointments at Wings Etc. Grill & Pub, iPronics, Lou Malnati’s and DataBahn concern businesses unrelated to Vp plc. Wings Etc. Grill & Pub Promotes Colton LeTourneau to VP of Marketing iPronics Names Jim Theodoras as VP Product Lou Malnati’s Names Megan Roller VP of Tastes of Chicago Division DataBahn Appoints Vishesh Choudhary Senior Vice President of Partnerships
• Neutral Sentiment: Other articles cover Indonesia’s vice president, Philippine Vice President Sara Duterte’s impeachment proceedings, and U.S. Vice President JD Vance. They are political news, not updates about Vp plc. Indonesia VP expresses intent to step down Sara Duterte impeachment trial live updates Philippine VP Sara Duterte impeachment trial explainer Where does Philippine VP Sara Duterte’s impeachment trial stand? VP JD Vance delivers message to Ohio State VP Vance remarks for National Veterans Small Business Week
• Neutral Sentiment: A report about Ghana Airports Company’s role in economic development also does not identify a connection to Vp plc. Vice president commends GACL’s role in Ghana’s economic transformation

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 550 target price on shares of VP in a research report on Monday, October 12th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 575.

VP Stock Up 3.2%

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 stock’s fifty day simple moving average is GBX 499.52 and its two-hundred day simple moving average is GBX 485.30. The stock has a market capitalization of £203.62 million, a P/E ratio of -37.86 and a beta of 0.35.

Insider Buying and Selling

In related news, insider Alice Woodwark bought 39,782 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of GBX 503 per share, with a total value of £200,103.46. Also, insider Corinne Ripoche bought 5,576 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were bought at an average cost of GBX 503 per share, for a total transaction of £28,047.28. Insiders have acquired a total of 55,368 shares of company stock valued at $27,760,014 over the last 90 days. 57.50% of the stock is owned by 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. 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.