Bank of America Cuts Vistry Group (LON:VTY) Price Target to GBX 350

Vistry Group (LON:VTY) had its target price lowered by Bank of America from GBX 490 to GBX 350 in a report issued on Monday,London Stock Exchange reports. Bank of America currently has an underperform rating on the stock.

VTY has been the subject of a number of other research reports. 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. Deutsche Bank Aktiengesellschaft lowered Vistry Group to a “hold” rating and cut their target price for the stock from GBX 803 to GBX 600 in a research report on Thursday, March 5th. Jefferies Financial Group upped their target price on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a report on Monday, January 19th. JPMorgan Chase & Co. decreased their price target 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. Finally, Stifel Nicolaus raised Vistry Group to a “buy” rating and dropped their price target for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 556.60.

Vistry Group Stock Down 0.3%

VTY opened at GBX 331 on Monday. 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 company has a market capitalization of £1.05 billion, a PE ratio of 29.55, a P/E/G ratio of -0.20 and a beta of 1.65. The stock’s fifty day moving average is GBX 560.92 and its 200-day moving average is GBX 612.96. Vistry Group has a one year low of GBX 322.40 and a one year high of GBX 746.40.

Vistry Group (LON:VTY) last announced its quarterly earnings data 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%. On average, equities analysts predict that Vistry Group will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has approved a stock buyback program on Monday, February 2nd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Vistry Group

In other Vistry Group news, insider Paul Whetsell acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased 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 Vistry Group stock in a transaction dated 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 have acquired 6,082 shares of company stock valued at $2,889,121. Company insiders own 9.99% of the company’s stock.

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.