Vistry Group’s (VTY) Underperform Rating Reiterated at Royal Bank Of Canada

Vistry Group (LON:VTY)‘s stock had its “underperform” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday, September 18th, Marketbeat Ratings reports. They presently have a GBX 180 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 30.01% from the company’s current price.

A number of other equities research analysts have also recently issued reports on VTY. JPMorgan Chase & Co. cut their price objective on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating for the company in a research note on Monday, June 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 274 price target on shares of Vistry Group in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Vistry Group presently has a consensus rating of “Reduce” and an average price target of GBX 422.14.

Vistry Group Price Performance

VTY traded down GBX 2.42 during midday trading on Friday, hitting GBX 257.18. The stock had a trading volume of 2,990,024 shares, compared to its average volume of 13,213,957. The company has a market cap of £817.46 million, a P/E ratio of 6.12, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86. The business has a fifty day moving average of GBX 277.54 and a 200 day moving average of GBX 294.59. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. Vistry Group has a 1 year low of GBX 220 and a 1 year high of GBX 746.40.

Vistry Group (LON:VTY) last posted its quarterly earnings results on Thursday, September 24th. The company reported GBX (18.80) EPS for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. As a group, equities analysts forecast that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

Insider Activity at Vistry Group

In other news, insider Adam Daniels bought 38,372 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average price of GBX 253 per share, with a total value of £37,950. Insiders own 1.23% of the company’s stock.

Key Headlines Impacting Vistry Group

Here are the key news stories impacting Vistry Group this week:

• Positive Sentiment: Jefferies reaffirmed its “hold” rating and set a GBX 274 price target, modestly above the recent trading level. The unchanged stance may provide some support by suggesting the broker sees the valuation as broadly balanced rather than requiring a further downgrade. Jefferies Vistry rating report
• Neutral Sentiment: Vistry is undertaking a business overhaul under new leadership, including shutting offices and simplifying operations. While the measures could reduce costs and improve execution over time, investors are likely to focus initially on the disruption and the time needed for any recovery. Vistry shuts offices and cuts building targets in overhaul
• Negative Sentiment: Vistry reported a first-half loss of approximately £661 million, compared with a profit previously, and reported quarterly EPS of negative GBX 18.80. The loss significantly weakens near-term profitability and highlights pressure on the value of its developments. Vistry Group turns to first-half loss
• Negative Sentiment: The company reduced its annual profit expectations and plans to build fewer homes. Lower volumes could weigh on revenue, cash generation and operating leverage, while the scale of the reset raises concerns about demand, margins and balance-sheet risk. Vistry Group unveils business overhaul

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.