Vistry Group (LON:VTY) Hits New 1-Year Low on Insider Selling

Vistry Group PLC (LON:VTY)’s share price hit a new 52-week low during mid-day trading on Monday following insider selling activity. The company traded as low as GBX 333.55 and last traded at GBX 336.40, with a volume of 34173055 shares traded. The stock had previously closed at GBX 345.50.

Specifically, insider Greg Fitzgerald sold 34,642 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £123,671.94. Also, insider Tim Lawlor sold 5,292 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £18,892.44.

Analysts Set New Price Targets

A number of research firms recently weighed in on VTY. Deutsche Bank Aktiengesellschaft cut shares of Vistry Group to a “hold” rating and lowered their target price for the company from GBX 803 to GBX 600 in a research note on Thursday, March 5th. JPMorgan Chase & Co. decreased their price target on Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group boosted their price objective on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. Royal Bank Of Canada dropped their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Stifel Nicolaus upgraded Vistry Group to a “buy” rating and cut their target price for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Three equities research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 579.56.

Vistry Group Trading Up 4.2%

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 stock’s 50-day moving average is GBX 596.78 and its two-hundred day moving average is GBX 623.94. The stock has a market cap of £1.13 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65.

Vistry Group (LON:VTY) last announced its quarterly earnings results 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%. Equities research analysts anticipate that Vistry Group PLC will post 108.4606345 EPS for the current year.

Vistry Group declared that its Board of Directors has approved a share repurchase plan on Monday, February 2nd that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.