Vistry Group PLC (LON:VTY – Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 260.60 and last traded at GBX 264.60, with a volume of 4977757 shares. The stock had previously closed at GBX 280.20.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on VTY shares. Deutsche Bank Aktiengesellschaft cut shares of Vistry Group to a “hold” rating and dropped their target price for the stock from GBX 803 to GBX 600 in a report on Thursday, March 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 511 target price on shares of Vistry Group in a report on Wednesday, May 13th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and dropped their target price for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada dropped their target price on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 541.80.
Vistry Group Price Performance
Vistry Group (LON:VTY – Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported GBX 59.30 EPS for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. Sell-side analysts forecast that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.
Vistry Group declared that its board has initiated a stock buyback plan on Monday, February 2nd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Insider Transactions at Vistry Group
In related news, insider Paul Whetsell acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of GBX 474 per share, for a total transaction of £28,440. Also, insider Greg Fitzgerald sold 34,642 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £123,671.94. Over the last ninety days, insiders purchased 24,399 shares of company stock worth $9,340,911. 9.99% of the stock is owned by corporate insiders.
About Vistry Group
Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.
Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.
Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.
We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.
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