Vistry Group (LON:VTY) Hits New 52-Week Low – Here’s Why

Vistry Group PLC (LON:VTYGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 287.94 and last traded at GBX 291.40, with a volume of 10145554 shares traded. The stock had previously closed at GBX 325.80.

Wall Street Analysts Forecast Growth

VTY has been the subject of a number of research analyst reports. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and reduced their price target for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. JPMorgan Chase & Co. cut their target price on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Bank of America cut their target price on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a “hold” rating and cut their target price for the company from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Finally, Jefferies Financial Group increased their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 556.60.

View Our Latest Analysis on VTY

Vistry Group Price Performance

The stock’s fifty day moving average price is GBX 370.39 and its 200-day moving average price is GBX 556.12. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. The firm has a market cap of £908.27 million, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88.

Vistry Group (LON:VTYGet Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. Equities research analysts predict that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its board has initiated a share buyback plan on Monday, February 2nd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Tim Lawlor sold 5,292 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £18,892.44. Also, insider Rob Woodward purchased 18,319 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were purchased at an average price of GBX 353 per share, for a total transaction of £64,666.07. Insiders have acquired 24,420 shares of company stock worth $9,356,052 over the last three months. 9.99% of the stock is owned by insiders.

About Vistry Group

(Get Free Report)

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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