Vistry Group (LON:VTY) Stock Price Down 12.3% – Here’s What Happened

Vistry Group PLC (LON:VTYGet Free Report)’s share price traded down 12.3% during mid-day trading on Thursday . The stock traded as low as GBX 283 and last traded at GBX 285.60. 9,014,763 shares changed hands during trading, a decline of 47% from the average session volume of 17,073,111 shares. The stock had previously closed at GBX 325.80.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Royal Bank Of Canada cut their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research report on Thursday, March 5th. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and cut their price objective for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Bank of America cut their price objective on Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Vistry Group to a “hold” rating and cut their price objective for the stock from GBX 803 to GBX 600 in a research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 541.80.

Get Our Latest Stock Report on VTY

Vistry Group Price Performance

The company has a 50-day moving average of GBX 352.08 and a 200-day moving average of GBX 548.51. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The stock has a market capitalization of £890.47 million, a price-to-earnings ratio of 6.67, a P/E/G ratio of -0.20 and a beta of 1.88.

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

Vistry Group declared that its Board of Directors has authorized a stock buyback plan on Monday, February 2nd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Vistry Group news, insider Paul Whetsell purchased 6,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was bought at an average cost of GBX 474 per share, for a total transaction of £28,440. Also, insider Rob Woodward purchased 18,319 shares of the business’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 353 per share, with a total value of £64,666.07. Over the last 90 days, insiders have purchased 24,420 shares of company stock valued at $9,356,052. Insiders own 9.99% of the company’s stock.

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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