Jefferies Financial Group Issues Pessimistic Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price target dropped by Jefferies Financial Group from GBX 628 to GBX 608 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 6.69% from the stock’s previous close.

A number of other research firms also recently weighed in on VTY. Berenberg Bank reissued a “hold” rating and issued a GBX 650 target price on shares of Vistry Group in a report on Monday, September 8th. UBS Group reiterated a “sell” rating and issued a GBX 450 price objective on shares of Vistry Group in a research note on Friday, September 5th. Royal Bank Of Canada boosted their target price on shares of Vistry Group from GBX 475 to GBX 500 and gave the company an “underperform” rating in a research report on Wednesday, September 10th. Citigroup reduced their target price on shares of Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating for the company in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vistry Group in a research note on Thursday, July 17th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 597.57.

Vistry Group Price Performance

Shares of VTY opened at GBX 651.60 on Monday. The firm has a market cap of £2.09 billion, a PE ratio of 58.18, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The firm has a fifty day simple moving average of GBX 634.78 and a two-hundred day simple moving average of GBX 626.73. Vistry Group has a 1-year low of GBX 486.70 and a 1-year high of GBX 767.50.

Vistry Group (LON:VTY) last released its quarterly earnings results on Wednesday, September 10th. The company reported GBX 17.60 earnings per share (EPS) for the quarter. Vistry Group had a return on equity of 7.69% and a net margin of 6.90%. On average, equities analysts anticipate that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, August 11th 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. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Vistry Group Company Profile

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.