Vistry Group (LON:VTY) Shares Down 3.5% – Should You Sell?

Shares of Vistry Group PLC (LON:VTY) dropped 3.5% during trading on Thursday . The stock traded as low as GBX 269 and last traded at GBX 271.60. Approximately 1,906,852 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 13,527,597 shares. The stock had previously closed at GBX 281.40.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VTY shares. JPMorgan Chase & Co. dropped their price objective on Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating for the company in a research note on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 274 target price on shares of Vistry Group in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 180 price target on shares of Vistry Group in a research report on Friday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of GBX 422.14.

Vistry Group Trading Down 3.0%

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 cap of £837.24 million, a P/E ratio of 6.27, a P/E/G ratio of -0.20 and a beta of 1.86. The company has a 50-day simple moving average of GBX 277.45 and a 200-day simple moving average of GBX 303.93.

Insider Activity

In related news, insider Paul Whetsell acquired 15,000 shares of the stock in a transaction on Tuesday, July 14th. The stock was purchased at an average price of GBX 253 per share, for a total transaction of £37,950. Also, insider Adam Daniels acquired 38,372 shares of the stock in a transaction on Wednesday, July 15th. The stock was bought at an average price of GBX 261 per share, with a total value of £100,150.92. 1.23% of the stock is owned by corporate insiders.

Vistry Group Company Profile

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.