Vistry Group (LON:VTY) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

Shares of Vistry Group PLC (LON:VTY) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 261.13 and traded as high as GBX 278. Vistry Group shares last traded at GBX 275.40, with a volume of 133,504,281 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VTY shares. Berenberg Bank reduced their target price on Vistry Group from GBX 263 to GBX 252 and set a “hold” rating for the company in a report on Monday, September 28th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 180 price target on shares of Vistry Group in a research note on Friday, September 18th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 272 price target on shares of Vistry Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of GBX 400.62.

Vistry Group Stock Down 4.4%

The firm has a 50 day simple moving average of GBX 260.76 and a two-hundred day simple moving average of GBX 359.08. The company has a market capitalization of £834.72 million, a PE ratio of -1.66, a P/E/G ratio of -0.20 and a beta of 1.91. The company has a current ratio of 2.36, a quick ratio of 0.56 and a debt-to-equity ratio of 30.07.

Vistry Group (LON:VTY) last released its earnings results on Thursday, September 24th. The company reported GBX (18.80) EPS for the quarter. Vistry Group had a negative return on equity of 16.57% and a negative net margin of 14.73%. Research analysts expect that Vistry Group PLC will post 108.46 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alice Woodwark acquired 8,305 shares of Vistry Group stock in a transaction dated Monday, October 5th. The shares were acquired at an average cost of GBX 241 per share, for a total transaction of £20,015.05. Insiders own 1.23% of the company’s stock.

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.