Insider Buying: Vp plc (LON:VP) Insider Acquires 100,000 Shares of Stock

Vp plc (LON:VP) insider Jeremy F. G. Pilkington purchased 100,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of GBX 568 ($6.91) per share, for a total transaction of £568,000 ($690,829.48).

VP Stock Performance

LON VP opened at GBX 600 ($7.30) on Monday. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 126.29. The stock has a market cap of £236.76 million, a PE ratio of -4,615.38 and a beta of 0.75. The stock has a fifty day simple moving average of GBX 571.90 and a 200-day simple moving average of GBX 623.12. Vp plc has a twelve month low of GBX 460 ($5.59) and a twelve month high of GBX 745 ($9.06).

VP Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 11.50 ($0.14) per share. This represents a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, December 5th. VP’s dividend payout ratio is presently -30,000.00%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 950 ($11.55) price objective on shares of VP in a research note on Friday, October 4th.

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.