Stock Repurchase Program Authorized by Vistry Group (LON:VTY) Board of Directors

Vistry Group (LON:VTY) declared that its board has authorized a share repurchase plan on Monday, February 2nd, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Vistry Group Price Performance

VTY traded up GBX 11.60 on Monday, reaching GBX 676.80. The company had a trading volume of 622,399 shares, compared to its average volume of 4,799,311. Vistry Group has a 52-week low of GBX 486.70 and a 52-week high of GBX 723.03. The company has a market cap of £2.16 billion, a price-to-earnings ratio of 60.43, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The business has a 50 day simple moving average of GBX 646.13 and a 200 day simple moving average of GBX 634.22.

Wall Street Analysts Forecast Growth

VTY has been the topic of several recent research reports. Jefferies Financial Group increased their target price on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a report on Wednesday, January 14th. The Goldman Sachs Group started coverage on Vistry Group in a report on Monday, November 24th. They set a “buy” rating and a GBX 731 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 629.25.

About Vistry Group

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. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.