Vistry Group (LON:VTY) Sets New 52-Week Low After Analyst Downgrade

Vistry Group PLC (LON:VTY)’s stock price reached a new 52-week low during trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 640 to GBX 530. JPMorgan Chase & Co. currently has a neutral rating on the stock. Vistry Group traded as low as GBX 414.10 and last traded at GBX 416.90, with a volume of 7471383 shares changing hands. The stock had previously closed at GBX 421.90.

A number of other analysts have also weighed in on VTY. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and lowered their target price for the company from GBX 670 to GBX 610 in a research note on Thursday, March 5th. The Goldman Sachs Group began coverage on shares of Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 price target on the stock. Deutsche Bank Aktiengesellschaft cut shares of Vistry Group to a “hold” rating and lowered their price objective for the company from GBX 803 to GBX 600 in a research report on Thursday, March 5th. Jefferies Financial Group boosted their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research note on Monday, January 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 579.56.

Insider Transactions at Vistry Group

In other news, insider Paul Whetsell acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of GBX 474 per share, for a total transaction of £28,440. Insiders bought a total of 6,068 shares of company stock valued at $2,888,769 in the last quarter. 9.99% of the stock is owned by company insiders.

Vistry Group Stock Up 1.3%

The firm has a 50 day simple moving average of GBX 645.18 and a two-hundred day simple moving average of GBX 637.53. 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 has a market cap of £1.30 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65.

Vistry Group (LON:VTY) last posted 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, sell-side analysts expect that Vistry Group PLC will post 108.4606345 EPS for the current year.

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

Vistry Group Company Profile

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.