Royal Bank Of Canada Lowers Vistry Group (LON:VTY) Price Target to GBX 385

Vistry Group (LON:VTYGet Free Report) had its target price dropped by equities research analysts at Royal Bank Of Canada from GBX 475 to GBX 385 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 14.10% from the company’s previous close.

A number of other brokerages also recently weighed in on VTY. Jefferies Financial Group raised their price objective on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research note on Monday, January 19th. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and lowered their price target for the company from GBX 670 to GBX 610 in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vistry Group from GBX 684 to GBX 803 and gave the company a “buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price objective on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group began coverage on shares of Vistry Group in a report on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective for the company. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 591.78.

Check Out Our Latest Analysis on Vistry Group

Vistry Group Trading Down 4.6%

Vistry Group stock opened at GBX 448.20 on Thursday. Vistry Group has a one year low of GBX 440.20 and a one year high of GBX 746.40. The company’s fifty day moving average price is GBX 663.10 and its two-hundred day moving average price is GBX 643.88. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. The company has a market capitalization of £1.43 billion, a price-to-earnings ratio of 40.02, a PEG ratio of -0.20 and a beta of 1.65.

Vistry Group (LON:VTYGet Free Report) last announced 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%. On average, analysts forecast that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group announced that its Board of Directors has authorized a share repurchase plan on Monday, February 2nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Vistry Group

In related news, insider Paul Whetsell purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of GBX 474 per share, for a total transaction of £28,440. In the last quarter, insiders have acquired 6,068 shares of company stock valued at $2,888,769. Company insiders own 9.98% of the company’s stock.

Key Stories Impacting Vistry Group

Here are the key news stories impacting Vistry Group this week:

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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Analyst Recommendations for Vistry Group (LON:VTY)

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