JPMorgan Chase & Co. Cuts Vistry Group (LON:VTY) Price Target to GBX 530

Vistry Group (LON:VTY) had its target price cut by JPMorgan Chase & Co. from GBX 640 to GBX 530 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada lowered their price target on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and decreased their price objective for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. The Goldman Sachs Group assumed coverage on shares of Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 target price on the stock. 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 report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered Vistry Group to a “hold” rating and decreased their price target for the stock from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 579.56.

Vistry Group Trading Up 1.3%

VTY opened at GBX 407.90 on Tuesday. The business’s 50-day simple moving average is GBX 645.18 and its 200-day simple moving average is GBX 637.53. The company has a market cap of £1.30 billion, a P/E ratio of 36.42, a PEG ratio of -0.20 and a beta of 1.65. Vistry Group has a one year low of GBX 399.50 and a one year high of GBX 746.40. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52.

Vistry Group (LON:VTY) last announced its earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) 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 will post 108.4606345 EPS for the current fiscal year.

Vistry Group declared that its Board of Directors has authorized a share repurchase plan on Monday, February 2nd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, insider Paul Whetsell bought 6,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of GBX 474 per share, for a total transaction of £28,440. Insiders have acquired a total of 6,068 shares of company stock valued at $2,888,769 over the last ninety days. 9.99% of the stock is owned by corporate insiders.

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.