Vistry Group (LON:VTY) Board Initiates Share Repurchase Plan

Vistry Group (LON:VTY) declared that its Board of Directors has initiated a share buyback plan on Thursday, September 25th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Vistry Group Stock Performance

Shares of VTY opened at GBX 631.20 on Friday. Vistry Group has a one year low of GBX 486.70 and a one year high of GBX 1,373. The company has a 50-day simple moving average of GBX 617.06 and a two-hundred day simple moving average of GBX 612.70. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The firm has a market capitalization of £2.04 billion, a PE ratio of 2,895.41, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Vistry Group (LON:VTY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported GBX 17.60 earnings per share (EPS) for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. On average, analysts anticipate that Vistry Group will post 108.4606345 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VTY shares. Citigroup reduced their price objective on Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 650 price objective on shares of Vistry Group in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 684 price objective on shares of Vistry Group in a research note on Friday, July 11th. Jefferies Financial Group reduced their price objective on Vistry Group from GBX 634 to GBX 628 and set a “hold” rating on the stock in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Vistry Group in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of GBX 600.43.

Insider Buying and Selling at Vistry Group

In other news, insider Greg Fitzgerald bought 84,068 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last 90 days, insiders have acquired 84,141 shares of company stock worth $49,644,889. 10.61% of the stock is currently owned by insiders.

Vistry Group Company Profile

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.