Vistry Group (LON:VTY) Stock Price Up 9.4% – What’s Next?

Vistry Group PLC (LON:VTY)’s stock price shot up 9.4% during trading on Wednesday . The stock traded as high as GBX 654 ($8.83) and last traded at GBX 654 ($8.83). 2,555,235 shares were traded during mid-day trading, a decline of 26% from the average session volume of 3,431,356 shares. The stock had previously closed at GBX 597.80 ($8.07).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their target price on shares of Vistry Group from GBX 475 ($6.41) to GBX 500 ($6.75) and gave the company an “underperform” rating in a research report on Friday, March 28th.

Vistry Group Stock Up 8.4%

The firm’s 50-day moving average price is GBX 599.72 and its 200 day moving average price is GBX 604.47. The company has a market capitalization of £2.32 billion, a price-to-earnings ratio of 9.42, a PEG ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY) last issued its earnings results on Wednesday, March 26th. The company reported GBX 55.90 ($0.75) EPS for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. On average, sell-side analysts forecast that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Insider Activity at Vistry Group

In related news, insider Helen Owers sold 3,734 shares of Vistry Group stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of GBX 528 ($7.13), for a total transaction of £19,715.52 ($26,617.42). Also, insider Tim Lawlor sold 2,234 shares of Vistry Group stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 593 ($8.01), for a total transaction of £13,247.62 ($17,885.27). In the last three months, insiders have purchased 75 shares of company stock valued at $45,120. 0.64% of the stock is owned by insiders.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.