Berenberg Bank Reiterates “Buy” Rating for VP (LON:VP)

Berenberg Bank reaffirmed their buy rating on shares of VP (LON:VP) in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm currently has a GBX 950 ($12.43) price objective on the stock.

VP Stock Up 3.4 %

Shares of LON VP opened at GBX 600 ($7.85) on Friday. VP has a 52-week low of GBX 460 ($6.02) and a 52-week high of GBX 745 ($9.75). The firm has a market capitalization of £236.76 million, a price-to-earnings ratio of -4,461.54 and a beta of 0.75. The stock has a 50 day moving average price of GBX 665.75 and a 200 day moving average price of GBX 642.04. The company has a debt-to-equity ratio of 126.29, a quick ratio of 1.08 and a current ratio of 1.05.

Insider Activity

In other VP news, insider Keith Winstanley acquired 2,981 shares of VP stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of GBX 671 ($8.78) per share, with a total value of £20,002.51 ($26,177.87). Insiders own 57.50% of the company’s stock.

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.