VP (LON:VP) Stock Passes Above 50 Day Moving Average of $652.95

Vp plc (LON:VP) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 652.95 ($8.28) and traded as high as GBX 700 ($8.88). VP shares last traded at GBX 700 ($8.88), with a volume of 28,950 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their target price on VP from GBX 1,040 ($13.19) to GBX 950 ($12.05) and set a “buy” rating for the company in a research report on Tuesday, April 16th.

VP Trading Down 3.5 %

The business has a 50-day moving average of GBX 658.85 and a 200-day moving average of GBX 603.74. The company has a debt-to-equity ratio of 115.40, a quick ratio of 1.08 and a current ratio of 0.76. The stock has a market capitalization of £279.04 million, a price-to-earnings ratio of 1,158.33 and a beta of 0.82.

VP Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 27.50 ($0.35) per share. This represents a yield of 3.99%. This is a boost from VP’s previous dividend of $11.50. The ex-dividend date of this dividend is Thursday, June 20th. VP’s dividend payout ratio (DPR) is presently 6,333.33%.

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.