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

Vp plc (LON:VP) insider Jeremy F. G. Pilkington acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average price of GBX 568 ($6.91) per share, with a total value of £568,000 ($691,081.64).

VP Trading Up 9.1 %

VP opened at GBX 600 ($7.30) on Friday. The firm’s fifty day simple moving average is GBX 571.90 and its 200 day simple moving average is GBX 623.63. Vp plc has a 12 month low of GBX 460 ($5.60) and a 12 month high of GBX 745 ($9.06). The stock has a market capitalization of £236.76 million, a P/E ratio of -4,615.38 and a beta of 0.75. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 126.29.

VP Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a GBX 11.50 ($0.14) dividend. This represents a 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 Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 950 ($11.56) price objective on shares of VP in a report on Friday, October 4th.

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.