Vistry Group PLC (LON:VTY) Receives GBX 629.25 Average Price Target from Brokerages

Vistry Group PLC (LON:VTY) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 629.25.

A number of research analysts recently weighed in on VTY shares. 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 report on Monday, January 19th. JPMorgan Chase & Co. upped their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Vistry Group from GBX 684 to GBX 803 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group began coverage on shares of Vistry Group in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 731 target price on the stock.

Vistry Group Price Performance

Shares of VTY opened at GBX 724.64 on Friday. Vistry Group has a fifty-two week low of GBX 486.70 and a fifty-two week high of GBX 746.40. The firm’s 50-day simple moving average is GBX 651.77 and its two-hundred day simple moving average is GBX 638.09. The stock has a market cap of £2.31 billion, a PE ratio of 64.70, a price-to-earnings-growth 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.

Vistry Group announced that its board has approved a stock repurchase plan on Monday, October 20th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is 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.