VP (LON:VP) PT Lowered to GBX 950

VP (LON:VP) had its price objective cut by Berenberg Bank from GBX 1,040 ($12.95) to GBX 950 ($11.83) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 69.64% from the stock’s current price.

VP Stock Down 0.9 %

VP stock opened at GBX 560 ($6.97) on Tuesday. The company has a quick ratio of 1.08, a current ratio of 0.76 and a debt-to-equity ratio of 115.40. VP has a 12-month low of GBX 460 ($5.73) and a 12-month high of GBX 686.49 ($8.55). The firm’s fifty day moving average is GBX 540.96 and its 200 day moving average is GBX 562.07. The company has a market capitalization of £224.84 million, a PE ratio of 933.33 and a beta of 0.82.

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.